Business
AMP board narrowly escapes spill; ASX slips as Beach Energy dives; Asahi buys Allpress coffee – ABC News
The ASX closes lower as angry AMP shareholders come close to sparking a spill motion against the company’s board and Beach Energy loses almost a quarter of its…
The Australian share market closed moderately lower, as AMP’s board narrowly escaped facing a spill motion and Beach Energy stocks took a massive hit.
Key points:
- The ASX 200 lost 0.8 per cent to end the week at 7,026 points
- Beach Energy was the standout loser, plunging 24.1pc as it downgraded its reserves estimates
- AMP’s board narrowly survived a second strike against it, with a remuneration report no vote of 23.8 per cent just short of the required 25 per cent
Angry shareholders came close to rejecting…
Continue Reading
-
General18 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General23 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south
-
General21 hours agoReason v magical climate thinking – voters have no choice
-
General5 hours agoBoy dies after being trapped between rocks off NSW beach