Back to today’s briefing

Story perspectives

WiseTech Shares Fall 14% Amid Probe, 2,000 Jobs Cut

6/22/2026

50 8 Full Breakdown

Summary

White Probe

Police opened a probe into WiseTech chairman Richard White, causing shares to fall 14% to A$32.52, valuing the firm at A$11 billion.
Allegations say White used a cleaner’s visa for sex following a complaint by Kyckr executive Kathy Phelan.
Analysts warn White’s exit could erase roughly 20% of WiseTech’s market value.
CEO Zubin Appoo announced a cut of 2,000 jobs and the adoption of DSV A/S’s AI platform to replace CargoWise.

Summary

Inghams Shares Fall

Inghams Group shares fell 4.8% after confirming H5N1 in two wild birds in Western Australia.
SGH rose 3% after announcing a $500 million share buyback for the next 12 months.
Metcash stock slipped 1.9% as profit fell 1.5% to $279.1 million despite a 0.7% sales rise.
AFP’s taskforce opened an investigation after Kathy Phelan (complainant)’s complaint alleging visa fraud and coercion involving a Brazilian former cleaner.

1 of 2

White Probe

Police opened a probe into WiseTech chairman Richard White, causing shares to fall 14% to A$32.52, valuing the firm at A$11 billion.
Allegations say White used a cleaner’s visa for sex following a complaint by Kyckr executive Kathy Phelan.
Analysts warn White’s exit could erase roughly 20% of WiseTech’s market value.
CEO Zubin Appoo announced a cut of 2,000 jobs and the adoption of DSV A/S’s AI platform to replace CargoWise.

1 / 2