Business
ASX moves ahead for 2020; Energy, banks, miners soar – The Sydney Morning Herald
The S&P/ASX 200 jumped 1% at the open to get above 6700 points for the first time since February. Gold stocks have dropped sharply.
IOOF announced the $1.4 billion deal to buy NAB’s wealth business MLC in August in efforts to become the country’s largest super fund and financial advice provider. News of the deal triggered an investor sell-off resulting in IOOF’s share price falling by 20 per cent.
Around 19.5 per cent of shareholders voted against the company’s remuneration report and chair Allan Griffiths said the message had been heard.
“The remuneration report is often used as a tool to send a message,” Mr Griffiths said….
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