Myer Holdings Ltd (ASX: MYR)witnessed a stock price rise of 8.5% on April 23, 2018 as the shareholders appreciated the group’s move of appointing John King as CEO and MD following an extensive international search. John is an experienced retail executive who led the successful transformation at UK Department Store House of Fraser from 2006, culminating in a sale to Chinese conglomerate Sanpower in 2014. John will commence work at the Company subject to receiving appropriate visa approval and he will be based in Melbourne. In fact, the shareholders expect the new CEO to quickly help manage the declining sales and negotiate store closures. The group expects the new CEO to unlock the company’s significant potential and deliver shareholder value in the future. MYR stock has otherwise fallen 44% in last three months.
 
Australia & New Zealand Banking Group Ltd (ASX: ANZ)provided a guide to its half year 2018 results and announced for a $632m loss that has been recognised to include a $277m net loss on measuring the assets and liabilities at fair value and future separation and transaction costs of $355m. The Group has incurred $80m in restructuring charges within Cash Profit in 1H 2018, and this compares to charges of $26m and $36m in 2H 2017 and 1H 2017, respectively. Legal and other costs relating to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry have been expected to be in the range of $50 million for the year ending 30 September 2018. On the other hand, the total net gain on sale from divestments in 1H18 is $138 million. The group will release its result on May 01, 2018.

 
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