Australia's GrainCorp falls as company flags restructuring-driven costs
10/09/2026 01:33
BUZZ-Australia's GrainCorp falls as company flags restructuring-driven costs ** Shares of GrainCorp GNC.AX drop as much as 4.6% to A$6.62, their biggest intraday pct fall since May 18
** Company says it is likely to recognize restructuring costs of A$5 million ($3.61 million) in FY26
** Adds nearly 80 roles impacted after review of Agribusiness operating model
** YTD, GrainCorp stock down 7.2%
($1 = 1.3848 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
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