Magellan hires Future Fund’s David George as CEO
Future Fund executive David George has been appointed the new CEO of Magellan Financial following a turbulent year.
Future Fund executive David George has been appointed the new CEO of Magellan Financial following a turbulent year.
ASX 200 trimmed much of its intraday fall to close down 0.8pc at 7261, having now lost 4.5pc in the last three trading days; Resources sector bounced on crude oil gains; Tech sector lead falls, with Life360 the biggest loser scraping US IPO plans.
ASX 200 gives up gains to finish steady. Ramsay Health rallies on $20bn KKR bid. CSL, Wesfarmers and Whitehaven also strong. Rio Tinto drops after poor quarter.
ASX 200 rose 0.3 per cent as investors piled into energy and materials stocks. AVZ Minerals was the top riser. NZ’s cash rate jumps to 1.5 per cent as looming local rate hikes unnerve consumers.
ASX loses ground for a second day, falling 0.6 per cent amid tech sell off as Federal Reserve weighs half-point US rate hike. Magellan Financial rallies as outflows steady.
ASX 200 fell 0.5 per cent with big falls in Novonix and Block. Inflation worries mount. Virtus to consider BGH bid. Woodside secures Scarborough approvals.
ASX 200 higher on tech rally as miners fall. Uniti leaps on Macquarie offer, Fisher & Paykel sinks on margins hit, NAB set for fresh buyback and Carnarvon up on oil find.
The ASX 200 index leaps on broad-based gains across sectors. Magellan higher on share buyback. Corporate Travel leads travel rally and Uniti may have more suitors.
Shares drop to 7.5 year low after reporting its funds under management has dropped $5bn in just two weeks, hit by market volatility and investors pulling their money.
ASX down on tech and financials. Afterpay ceases trading ahead of Block listing, Appen gains 3.9 per cent as top performing stock and Megaport dives 16.2 per cent on sales update.
Original URL: https://www.theaustralian.com.au/author/lilly-vitorovich/page/5