The Buzzing Trends || Which Company is sued by the ASIC for insider trading?

• This is The Buzzing Trends show. Let's have a look at the ASX listed stocks that are trending today.

• Amcor Shares at a five-month high after increasing its guidance. Amcor which is an American-Australian packaging company producing flexible packaging specialty cartons and so on has upgraded its guidance for 2020-2021.

• Westpac is sued by Australian Securities and Investments Commission (ASIC) for insider trading. As per ASIC, the bank has been held responsible for insider trading, unconscionable role and breaching its financial service in the 2016 Ausgrid privatisation.

• Flight centre, the global travel company, announced taking dividend off its books for 2022 and a loss of AUD 500 million for the full year.

• More than 42000 customer requests between March 2020 and July 2020 had been banned from keeping their phone numbers by Telstra when changing providers. The Australian giant telco has been fined $1.5 million for not allowing their customers to keep their phone numbers on changing providers.


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