Business
QBE) share price has tanked 5% today
The QBE Insurance Group Ltd (ASX: QBE) share price is under pressure in early trade after an update from the Aussie insurer.
Shares in the $12 billion insurer are down 5.6% to $8.09 in early trade following this morning’s announcement.
Why is the QBE share price under pressure?
The latest share price move comes after a business interruption update from QBE. The company provided an update on the test case before the UK Supreme Court. The appeal is against the UK High Court’s September 2020 ruling in the UK Financial Conduct Authority (FCA) case.
The FCA case was undertaken to resolve legal issues concerning the interpretation of common business interruption policy wordings. That includes some wordings in QBE’s UK operations,…
-
Noosa News11 hours agoCharlie the therapy dog reduces stress – Proctor
-
Business14 hours agoWarren Buffett says buy this index fund. It could turn $400 per month into $851,800 with help from Apple, Nvidia, and Tesla.
-
General11 hours agoFour charged over alleged six-hour gang rape of girl in south-west Sydney
-
Noosa News10 hours agoSuspicious fire, Glenview – Sunshine Coast