Business
The ASX 200 keeps climbing, TPG drops on Teoh departure, AMP still has a CEO on Friday 26 March 2021
The S&P/ASX 200 Index (ASX: XJO) rose by around 0.5% to 6,824 points.
One business lost its talisman founder and this saw a heavy decline of its share price.
The TPG share price fell by around 7% today after it was announced that David Teoh is resigning from his position from being the chair and a director.
Mr Teoh shared some comments about his thoughts of the business and his decision to leave:
I am proud and humbled to have led the company from its founding, through its exciting growth over the years, and most recently into its merger with Vodafone Hutchison Australia. There have been many challenges along the way, but I…
-
Business19 hours agoNvidia reaches the $4 trillion mark. Can it hit $5 trillion in 2025?
-
Business19 hours agoThis artificial intelligence (AI) and “Magnificent Seven” stock will be the next company to surpass a $3 trillion market cap by the end of 2025
-
General20 hours agoFootballers and movie stars: PM’s Shanghai tourism push
-
Noosa News19 hours agoYIMBYs vs NIMBYs as the battle for affordable housing moves into your backyard