ASX 200 retreats from record; Fortescue executive quits; IGO drops
Another high-profile Fortescue empire departure. IGO hit by South32 royalties claim, broker downgrades. Business confidence falls. SkyCity ups AUSTRAC penalty provision.
Welcome to the Trading Day blog for Thursday, February 1. The ASX 200 closed 1.2 per cent lower at 7588.20 points, ending its winning streak after hitting record highs Wednesday.
The Aussie dollar is lower, trading around US65.46c.
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