ASX VIDEO (28 October): MinRes hires law firm to probe CEO
Full story: https://grafa.com/news/market-update-...
Mineral Resources Investigating hits CEO over allegations of tax evasion. BHP hit with a landmark settlement over Brazil ecological disaster. And Temple and Webster revenue surges. This is the Graffer Daily ASX Market Update. Now let's take a look at the big stories of the day. Mineral Resources has confirmed its investigating allegations against its managing director, Chris Ellison. The company has engaged an independent law firm to conduct a thorough probe. While Ellison is on planned leave, the board aims to conclude the investigation and release its findings by November 4th. Also making news, BHP has reached a landmark settlement with Brazilian authorities over the 2015 Samarco Dam disaster. The deal, worth around 32 billion US dollars, covers compensation and environmental restoration efforts. And finally, online furniture retailer Temple and Webster has reported a 21% increase in revenue, defying economic challenges. Let's check how the markets are tracking. The ASX is trading flat with energy stocks, the worst performers. Stay up to date with all the breaking news as it happens by checking out graffer.com.
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