Endeavour Group plunged more than 5% today following the release of the alcohol and pub company?s investor day presentation which outlined the company?s expectation for reduced customer demand due to inflation-induced increases to wages, rent and the cost of goods sold. Endeavour Group also forecasts $200m to $260m in CAPEX for the 2023 financial year in addition to $120m to $230m in growth opportunities for the year.

And despite a strong rally yesterday, Costa Group fell more than 2% today after clarifying that yesterday?s trading update did not actually include any firm earnings guidance.