ASX VIDEO (4 November): Mineral Resources managing director Chris Ellison to step down
Full story: https://grafa.com/news/market-update-...
Chris Ellison will stand down amid a tax scandal. Westpac reports full-year profit at almost $7 billion. And a copper discovery in Zambia. This is the Graffer Daily ASX Market Update. Now let's take a look at the big stories of the day. Mineral Resources Managing Director Chris Ellison will step down within 18 months after the board found he misused company resources for personal gain. Ellison will pay $3.79 million to Minres and forfeit bonuses. Also making news, Westpac has reported a net profit of $6.9 billion for the financial year. The bank will pay a final dividend of 76 cents per share and has increased its share buyback program by $1 billion. And finally, Prospect Resources has extended the Nyungu Central deposit in Zambia with significant copper mineralization intersections. Let's check how the markets are tracking. The ASX is higher with utilities leading gains. Stay up to date with all the breaking news as it happens by checking out graffer.com.
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