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Monday, ANZ (ASX:ANZ) announced the appointment of Nuno Matos, former head of wealth and personal banking at HSBC, as its new CEO, effective July next year. Matos replaces Shane Elliott, who is retiring after a nine-year term.
In response, stock prices immediately fell. It has fallen 6.67% in the past five days to $29.12.
South32 withdraws production forecast
Mining major South32 (ASX:S32) Mozambique has been affected by civil unrest following a disputed presidential election in October. Road blockages are disrupting the transportation of raw materials to businesses. As a result, the company withdrew its production guidance and implemented a contingency plan.
Over the past five days, the stock price has decreased by 6.78% to $3.44.
face a permanent adverse tax judgment
forever on tuesday (ASX:PPT) It warned that complex tax issues with the ATO could arise in relation to the company’s planned sale of its wealth management and corporate trust division. This could result in a tax liability of $488 million and a reduction in cash receipts. Perpetual disputes the ATO’s position, but the company may have to withhold funds from its profits to cover potential liability.
It has fallen 9.5% over the past five days to $19.92.
Downer and Ventia facing ACCC
The ACCC alleges that the claims are made by three companies: BGIS and Ventia Services. (ASX:VNT) Spotless engaged in anticompetitive conduct in connection with Department of Defense maintenance contracts in 2019 and 2020. Spotless is a subsidiary of Downer EDI. (ASX:Dow). Following the announcement, Downer EDI stock closed down 5.95% on Thursday, while Ventia stock plunged 23%.
DigiCo REIT begins trading
DigiCo Infrastructure REIT is set to debut on the ASX after raising $2 billion in Australia’s biggest IPO since 2018. The REIT aims to capitalize on the growing demand for data centers driven by the AI boom and will own a portfolio of 13 properties across Australia. North America.
HMC Capital stock price in the past 5 days (ASX:HMC)The REIT startup fell 1.62%. However, it is up 99.84% year-to-date.
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