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.
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