At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) is trading largely flat at 6,778.1 points.
Here’s what is happening today:
SEEK founder and CEO to step down
The SEEK Limited (ASX: SEK) share price has tumbled lower today despite upgrading its full year earnings guidance. Weakness in the tech sector and news that its founder and CEO, Andrew Bassat, is stepping down appear to be weighing on its shares. Former Commonwealth Bank of Australia (ASX: CBA) boss, Ian Narev, will replace Mr Bassat on 1 July. Mr Narev is currently SEEK’s COO. SEEK also announced plans to sell down its stake in the China-based Zhaopin business.
Bank of Queensland shares return
The Bank of Queensland Limited (ASX: BOQ) share price is racing higher…