Monadelphous in contract dispute

Engineering and construction contractor Monadelphous Group has placed its shares in a trading halt pending an announcement regarding a contractual dispute.

Shares in Monadelphous were last trading at $10.69 a share before entering the trading halt this morning, with the company citing a contractual claim against it as the reason for the temporary halt.

Unless an announcement is made earlier, the trading halt will remain in place until Monday.

More as the story develops.