Australia's Domino's hits near 2-week low on shareholder class action

Domino's Pizza Enterprises

09/09/2024 03:20

** Shares of Domino's Pizza Enterprises  DMP.AX  fall as
much as 2.5% to A$29.18, hitting their lowest level since Aug 28
    ** The pizza maker says it has been served with a
shareholder class action filed in the Federal Court of Australia
    ** Says proceeding includes allegations that co engaged in
misleading or deceptive conduct and breached its disclosure
obligations for its expected performance in Japan
    ** Stock down 50.4% YTD, as at 0214 GMT, while the benchmark
ASX 200  .AXJO  index is up 4.8% 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))