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McMillan red lights Eclipx buy on disappointing results, ECX falls 54%: Aus shares 0.3% lower at noon

20 Mar 2019 – McMillan Shakespeare (ASX:MMS) won’t proceed with potential purchase of Eclipx Group (ASX:ECX) after Eclipx’s profit falls 42%, versus expected single-digit growth. Kerr Neilson sells 10% of his and Mr’s Neilson’s Platinum Asset Management (ASX:PTM) shares to pursue arts & diversify their portfolios and Nufarm (ASX:NUF) HY results tumble into loss territory on challenging year.

Source: Finance News Network

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