Australia's Bapcor rises on securing further financial flexibility, reiterating annual outlook
12/08/2026 04:40
BUZZ-Australia's Bapcor rises on securing further financial flexibility, reiterating annual outlook ** Shares of Bapcor BAP.AX rise as much as 16.7% to A$0.49, their highest level since June 18
** Stock logs its largest intraday pct since early March
** The auto parts retailer says its lenders have approved revised covenant arrangements for its FY27 testing periods
** Also reconfirms previously released guidance for FY26
** Company has been recently impacted by a deterioration in trading conditions with the start of the Middle East conflict and increase in interest rates
** More than 5.7 million shares change hands, 2.4 times the 30-day average
** Stock down 70.3% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
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Australia's Bapcor rises on securing further financial flexibility, reiterating annual outlook