The founder and non-executive chairman of Henderson-based shipbuilder Austal has sold down a portion of his shareholding in the company for $7.24 million.
The Australian dollar has slipped a little lower following a night where trading volumes were low because US markets were closed for the Labor Day public holiday.
The Australian share market has closed slightly lower in the wake of weak leads from US and European markets and the absence of any catalyst to push it into positive territory.
Westpac is aiming to attract more than one million new customers over the next two years and will spruce up the look of its website and its bank branches.
The Australian dollar has fallen to a new six-year low after US jobs figures increased the chances the Federal Reserve will lift its interest rate later this month.
US equity markets have given up early gains as investors turned cautious ahead of the August jobs market report, which could weigh heavily the Federal Reserve's upcoming interest rate decision.
The Australian market has opened higher following a positive lead from Wall Street and figures showing steady US economic growth, but there were early signs of continued volatility.
US shares have put on a solid rally with investors piling back into blue chips and especially tech stocks as a Federal Reserve report depicted steady US economic growth.
Nervous investors have sold down US stocks after surviving last week's turbulence, amid continued worries over the potential broader impact of China's slowdown.
The Australian share market has closed 1 per cent lower as investors fretted over the possibility the US Federal Reserve could soon raise interest rates.
