The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and ALL ORDINARIES (INDEXASX: XAO) (ASX: XAO), is expected to open lower on Wednesday according to the Sydney Futures Exchange.
Australian Dollar: 76.62c
Oil (WTI): $US56.86 per barrel
Bitcoin: $US17,080
Gold: $US1,245 per ounce
ASX news
Retail Food Group Limited (ASX: RFG) shares have fallen 55% over the past month, following scathing reports in Fairfax and a profit downgrade. After falling as much as 25% on Tuesday investors will be closely watching the food and coffee franchise company.
This morning Atlas Iron Ltd (ASX: AGO) announced an agreement with Pilbara Minerals Ltd (ASX: PLS) to become a lithium DSO supplier in 2018. “This deal is another significant step forward for our business,” Atlas Iron Managing Director, Cliff Lawrenson, said. “We expect to generate strong free cashflow for Atlas in return for minimum capital outlay.”
Sydney Airport Holdings Limited (ASX: SYD) released its traffic performance numbers for November 2017, revealing a 4.5% increase in passengers compared to November 2016.
Ardent Leisure Group (ASX: AAD) announced to investors that it would sell its Bowling & Entertainment division for $160 million to The Entertainment and Education Group. Chairman Dr Gary Weiss said the deal represents an “attractive price” for the company.
Villa World Ltd (ASX: VLW) released a trading update, increasing its profit guidance for the first half of its 2018 financial year to between $17 million and $18 million.
Orica Limited (ASX: ORI) released a statement saying that the explosives company has entered into an agreement to buy GP Holdco Pty Ltd from Crescent Capital Partners for $205 million. CEO Alberto Calderon said, “The integration of GroundProbe’s market leading technologies will further consolidate our position as the industry leader in digitally enabled blasting solutions to the mining industry, and strengthen our existing presence in the large and high growth mining and civil monitoring markets.”
Read more:
