Endeavour shares drop as Iran war raises supply costs
Endeavour Group warned that Iran war-driven inflation will raise supply costs by up to A$8 million in the second half. Shares fell 8% as the firm builds stock.
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ENDEAVOUR GROUP LTD/AUSTRALI shares fell 8.2% Monday morning after warning that Middle East conflict will add A$8 million to second-half supply costs. The Australia liquor and hotel operator hit its lowest intraday level since February 2025 following the update. Rising freight and fuel expenses are squeezing margins even as cost-of-living pressures soften consumer demand in the hospitality sector.
