............Brambles continues to take actions to meet the current challenging and volatile conditions. Good progress has been made with the initiatives announced at the half-year results, which included the increased investment in the two year pallet quality program and accelerated scrapping of seven million excess pallets in CHEP USA, as well as rationalisation of facilities and operations across the globe. In addition, the outcome of the CHEP USA review is expected to be finalised by the end of September 2009, earlier than previously indicated. These initiatives, combined with the strong emphasis on new business wins, will underpin the future performance of the business.
BXB Price at posting:
$8.04 Sentiment: Hold Disclosure: Not Held
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