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The Latest Breaking News from Wisetech

Super fund offloads $580m stake in embattled tech firm

Australia's biggest superannuation fund has sold its interest in local company WiseTech over governance concerns, following a chaotic board shake up.

AAP

Major super fund sued over tardy death benefit payouts

AustralianSuper is the latest major super fund to face legal action for allegedly failing to pay out benefits to families of dead members in a timely manner.

AAP

Australian shares plummet to six-month low

The Australian share market has fallen to its lowest level since towards the end of 2024 as uncertainty over global trade sends investors ducking for cover.

AAP

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Billionaire entrepreneurs can make for bold businesses but often with fewer checks and balances

Richard White, head of WiseTech Global, is the latest of a small number of charismatic business founders to have captured the public and corporate imagination.

The Conversation

Billionaire founder retakes control of his $32b company

Richard White has been named executive chairman of WiseTech Global, four months after stepping down as CEO amid an inquiry into his conduct.

AAP

Australian shares edge higher despite Wisetech plunge

The ASX200 has finished 0.1 per cent higher, snapping a five-day losing streak despite its leading tech company plunging to a six-month low.

AAP

Four WiseTech board directors quit over ‘differing views’ of Richard White’s role

Tech company’s share price plummets after latest market update and resignations of Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy

The Guardian - AU

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WiseTech’s billionaire founder Richard White cleared of allegations by company review

Company’s shares sink with revised revenue outlook in wake of former CEO’s high-profile resignation last month

The Guardian - AU

Review clears billionaire tech founder of misconduct

Wisetech Global says a review has found that all of Richard White's personal workplace relationships were disclosed and there's no evidence of bullying.

AAP

WiseTech shares surge after CEO stands down – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: Jacinta Allan’s abortion warning, Tucker Carlson’s rant, Labor narrows gap in Queensland

Victorian premier warns of threat conservative forces pose to reproductive rights; has Steven Miles left his surge too late to hold on to office?

The Guardian - AU

WiseTech Global billionaire CEO Richard White steps down as company rocked by allegations of secret affairs

The Australian founder has seen his reputation and fortune hammered by claims including sex in exchange for investment and houses bought for lovers

The Guardian - AU

Billionaire CEO steps down amid legal investigation

Billionaire Richard White will step down as CEO of Wistetech Global, but after a brief leave will transition into a full-time consultant on the same pay.

AAP

Aussie shares gain ground but Wisetech, MinRes tank

The ASX200 has closed 0.7 per cent higher, overcoming double-digit losses for both Wisetech Global and Mineral Resources.

AAP

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AAP

Aussie shares in late comeback to extend winning streak

After being down as much as 0.5 per cent in morning trading, the ASX200 gained steadily in the afternoon to finish slightly in the green and above 8,000.

AAP

WiseTech profit soars after deal and acquisition flurry

Logistics software company WiseTech Global announced a solid jump in profits, after a string of acquisitions and new contracts boosted revenue.

AAP

WiseTech buys rail logistics provider Blume for $603m

WiseTech Global is buying Blume Global, deepening its expansion into rail logistics in North America.

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