QBE shares drop to two-month low as Neal takes the helm
QBE's share price has plummeted to a two-month low after John Neal took the reins as CEO and downgraded the group's profit margin outlook for the third time since the start of the year.
Following the announcement of QBE's half year results, the share price plunged 10 percent before gaining back some ground to close at A$13.05, a 4.5 percent drop from the previous close.
The global specialty (re)insurer reported a 13 percent rise in first-half net profits to $760mn,...
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