The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is set for a slightly higher open Thursday morning, according to data from Sydney Futures Exchange, with DuluxGroup Limited (ASX: DLX) in the news.
Here’s the key headline data:
Australian Dollar ($A) (AUDUSD): 75.2 US cents
Dow Jones (DJI): up 0.2%
Oil (WTI): $US71.55 per barrel
Gold: $US1,291 per ounce
Overnight, London-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) finished 1.9% and 2.8% higher, respectively, according to Yahoo! Finance.
Australian Investing News
Making news in Australia, paint and adhesives business DuluxGroup released its half-year financial report for the period to 31 March 2018.
In its public filing, DuluxGroup reported a 4.2% increase in revenue and a profit of $79.2 million, up 9% on the prior corresponding period. DuluxGroup said its Australia and New Zealand business led the revenue growth with good cost control. Read more: DuluxGroup Limited (DLX) Paints 9% Rise In HY Profit.
Also in the news, lithium mining company Kidman Resources Limited (ASX: KDR) announced an agreement with Telsa, the electric vehicle company. The three-year take-or-pay agreement is equal to less than 25% of Kidman’s initial production expectations.
Construction products company Adelaide Brighton Limited (ASX: ABC) announced the appointment of Zlatko Todorcevski as Chairman, replacing Leslie Hosking. In addition, Adelaide Brighton’s CEO, Martin Brydon, will retire to make way for a new chief following an executive search.
“Martin has been an integral part of the Adelaide Brighton growth story, building the business into the $4.34 billion company it is today,” Mr Todorcevski said.
Church donation software company Pushpay Holdings Ltd (ASX: PPH) released its 2018 financial results this morning showing a 105% increase in revenue and a net loss of $US 23.2 million. Looking ahead, Pushpay said it will be targeting more medium and large customers in the USA.
Finally, Infratil Limited (ASX: IFT) reported operating revenue of $1.73 billion for its 2018 financial year. Infratil’s net operating cash flow rose 21% to $58 million.
Do you like finance and investing?
Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.
Click here to join The Rask Group’s Investor Club Newsletter Today
