The Australian share market, or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index, is expected to open mostly flat on Thursday morning, according to the Sydney Futures Exchange.
Here’s what you need to know:
SFE ASX 200 futures: -3
Australian Dollar ($A) (AUDUSD): 80.55 US cents
Dow Jones: up 0.3%
Oil (WTI): $US64.84 per barrel
Gold: $US1,345 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) closed down 0.4% and down 0.5%, respectively.
Australian Investing News
This morning, shares of Bubs Australia Ltd (ASX: BUB), the infant milk business, may be in focus following a quarterly report and operational update. Yesterday evening, the $270 million Bubs Australia reported quarterly revenue of around $2 million.
Capitol Health Limited (ASX: CAJ), a $210 million medical imaging business, updated the market on its takeover offer for Integral Diagnostics Ltd (ASX: IDX).
“During discussions last year with Integral, we both agreed on the strategic merit of a combination of Capitol and Integral but were unable to conclude a deal,” Capitol Health Managing Director Andrew Harrsion wrote. “We are disappointed with the tactics of Integral and its advisers which appear in part focused on delaying the consideration of Capitol’s compelling offer by Integral’s shareholders and doctors.”
Godfreys Group Limited (ASX: GFY), the vacuum retailer, released a trading update to the ASX this morning. In early December Godfreys announced that it expected lower like-for-like sales. “Godfreys trading across the Christmas period was also weaker than expected,” Godfreys said today. Unaudited sales for the half year to 29 December 2017 were 6.2% lower than the same period from a year earlier. Further, Godfreys said its underlying EBITDA (What’s EBITDA mean?) will be $3.6 million, down 42% from $6.3 million year over year.
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