Reporting season wrap: Short term panic sends share prices haywire

By Vanessa Desloires
Updated August 30 2015 - 5:18pm, first published 4:15pm
Some of the biggest names in business came out to plea to their investors to look beyond their short-term views.
Some of the biggest names in business came out to plea to their investors to look beyond their short-term views.
Big Australian companies' share prices have been hammered.
Big Australian companies' share prices have been hammered.
Richard Goyder, Wesfarmers managing director has lashed investors for short-term thinking. Photo: Philip Gostelow
Richard Goyder, Wesfarmers managing director has lashed investors for short-term thinking. Photo: Philip Gostelow
Ansell chief executive Magnus Nicolin said investors failed to understand foreign exchange rates. Photo: Dominic Lorrimer
Ansell chief executive Magnus Nicolin said investors failed to understand foreign exchange rates. Photo: Dominic Lorrimer
Seek's Andrew Bassat pleaded with investors to look beyond the short term. Photo: Josh Robenstone
Seek's Andrew Bassat pleaded with investors to look beyond the short term. Photo: Josh Robenstone
Illustration: Simon Bosch.
Illustration: Simon Bosch.

A miserable week in global markets has darkened an already gloomy year on the ASX. It's certainly enough to have retail investors in tears but even Rupert Murdoch seems worried.

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