Good morning and welcome back, it’s Ainsley here with all the news you need to start your week.
Today’s must-reads:
• Guzman y Gomez’s slowdown
• No mercy for earnings misses
• Measures to speed up house construction
Just a year after Guzman y Gomez’s blockbuster market debut made Steven Marks a multimillionaire, the founder’s fortune is getting hammered. Shares of his Mexican-themed fast-food chain cratered Friday after the company reported a sales slowdown at its Australian restaurants. The record 18% plunge took his stake’s value to around A$235 million, down more than 40% from the peak in February.