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Guess which ASX 200 stock is diving 6% after slashing its dividend

Guess which ASX 200 stock is diving 6% after slashing its dividend
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.

DOW ASX: Write-downs tip Downer to $386m annual loss

The contractor’s new boss, Peter Tompkins, is writing off almost $550 million of goodwill and assets ahead of its annual results next week.

Downer EDI shares rebound, new CEO under pressure to deliver

As the management team comes under pressure to deliver on revised earnings forecasts next month, the company’s shares are up 24 per cent in two months.

ASX DOW: Downer EDI director says board responsible for allegations before ICAC

The head of the engineering firm’s audit committee says lessons will be learned from allegations aired in a NSW anti-corruption inquiry.

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