Finance

REDCAPE LIFTS EARNINGS FORECAST FOLLOWING STRONG ‘LOCAL’ TRADE

Shares in the ASX-listed Redcape Hotel Group rallied following news of upgraded forecasts in its full-year earnings guidance and distribution payout. The high-profile Group spoke of improved trading as its shares rose over four per cent yesterday, as the overall share market retreated. Redcape (ASX:RDC) lifted its FY21 earnings forecast five per cent from guidance

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