Business
Why the Austal (ASX:ASB) share price got torpedoed today – The Motley Fool Australia
The Austal Limited (ASX: ASB) share price sank to a two-year low this morning after its US boss walked the plank. Here’s what you need to know.
The Austal Limited(ASX: ASB) share price sank to a two-year low this morning after its US boss was walked the plank.
The Austal share price slumped 19% to $2 at the time of writing – making it the worst performer on the S&P/ASX 200 Index (Index:^AXJO).
The second worst performer is the Perenti Global Ltd(ASX: PRN) share price with its 11% fall from grace and Afterpay Ltd(ASX: APT) share price losing around 8%.
Mismanagement allegations sink Austal’s share price
Nothing sinks a ship faster than governance…
-
General24 hours agoThousands join pro-Palestinian rallies in towns and cities across Australia amid ceasefire
-
General23 hours agoAustralia’s Diamonds defeat South Africa’s Proteas 65-42 in third netball Test
-
Noosa News20 hours agoFatal Traffic Crash, South Bingera
-
General22 hours agoBathurst 1000 quick hits: Chaz Mostert drinks beer with fans, Erebus owner protests, and drama on Mount Panorama