Shares slip; SkyCity CEO and Qantas Loyalty chief resign; Liontown on halt; Stockland affirms guidance; Gregg named Westpac chairman; Treasury launches 2054 bond. Follow updates here.
The sharemarket dropped this morning, tracking losses on Wall Street as investors rushed to the safety of bonds and gold on concerns about the escalating tension in the Middle East. The S&P/ASX 200 is down 0.1 per cent or 10.2 points, to 7040.8 and the All Ordinaries slipped 0.2 per cent. Six out of the 11 sectors were in red, led by tech down 2 per cent.
US reporting season US reporting season gathers momentum this week: Bank of America, Goldman Sachs, Morgan Stanley, Tesla, Netflix and a slew of regional banks are on the schedule. Stocks on the move Global lithium giant Albemarle has abandoned its $6.6 billion bid for Liontown Resources at $3 per share. Liontown requested that its shares be placed on hold while it reviews its Kathleen Valley Project funding. Fletcher Building was the worst performing on the ASX 200. Shares plunged 8.
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