Australian-based ship builder Austal (ASX:ASB) has farewelled US chief Craig Perciavalle.
The resignation came on the back of investigations by the Australian Securities and Investments Commission and US regulatory bodies. Austal’s US business was scrutinised on the write back of work in progress associated with the Littoral Combat Ship project. Austal (ASX:ASB)’s US chief financial officer has been appointed interim president for the time being.
Shares in Austal (ASX:ASB) are trading 15.79 per cent lower at $2.08
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20 Aug 2020 - Wesfarmers (ASX:WES) report revenue growth of 10.5 per cent of $30.8 billion, reflecting strong sales growth in Bunnings, Kmart, Officeworks and Catch.
20 Jan 2020 - Diversified online retailer, Kogan.com (ASX:KGN) has recorded the highest half yearly gross sales and gross profit in the company’s history.
14 Apr 2020 - InvoCare (AX:IVC) funeral homes is raising $150m through an underwritten institutional Placement to continue momentum achieved on its growth initiatives through the temporary restrictions on the funeral industry as a result of COVID-19.
