These three shares are sliding today for different reasons.
MYOB Group Ltd (ASX: MYO) which provides cloud based accounting and other business management solutions, has pulled out of its takeover of competitor software maker Reckon Limited (ASX: RKN). The company says that "uncertainty" about the deal is one of the reasons, probably not helped by Australian Competition and Consumer Commission voicing concerns that MYOB would have a monopoly on accounting software.
Domain Holdings Australia Ltd's (ASX: DHG) investors have reacted negatively to the news that the former Domain chief executive Antony Catalano has taken up a role at the real estate advertiser's biggest client, Tomorrow Agency, as well as investing in the company.
Beacon Lighting Group Ltd (ASX: BLX), which retails lighting, ceiling fans, and light, has traded up for the most of May, with a share price performance of 12% but today the shares have pulled back despite the company posting no news to the market.
