Join Free
My Account
Log in
Join Free
Log in
Rask Media home

S&P/ASX 200 Morning News, Wesfarmers Ltd Halted!

Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Friday morning.

Here are the news headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles on Friday morning.

First, here are the data points:

Australian Dollar ($A) (AUDUSD): 70.77 US cents

Dow Jones (DJI): down 0.7%

Oil (WTI): $US74.69 per barrel

Gold: $US1,203 per ounce

Australian Finance News

In sharemarket news, shares in the owner of Bunnings Warehouse and Coles Group, Wesfarmers Ltd (ASX: WES), have entered a trading halt.

“The trading halt is requested to enable the Company to manage its continuous disclosure obligations in the context of the court hearing on 5 October 2018 in relation to the proposed demerger of Coles Group Limited and associated disclosures,” the Wesfarmers public filing read.

As Rask Media reported in March Wesfarmers plans to divest the Coles Group to ASX shareholders. Wesfarmers shares have risen since the announcement, according to Google Finance. 

Read more: Wesfarmers Shares Halt On Court Decision

Mining and construction services business Monadelphous Ltd (ASX: MND) announced it was appointed to the Hunter Water Corporation Complex Capital Works Design and Construct Panel, which includes three contractors.

“Monadelphous has developed an excellent reputation for the delivery of high quality, safe and reliable services in the water infrastructure market, positioning us well for continued growth in the sector,” Monadelphous Managing Director Rob Velletri said.

“We are looking forward to working closely with the Hunter Water Corporation and developing a strong, long term relationship.”

Advertising business APN Outdoor Group Limited (ASX: APO) announced that New Zealand’s Overseas Investment Office approved the takeover of APN Outdoor by France’s JCDecaux SA. Rask Media covered the acquisition here.

Like Finance? Listen To The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  Castbox, YouTube or wherever you choose to listen.

Here’s a timeless interview with former stockbroker, Charlie Aitken.

*As voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account. (Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #563 907.

Picture of Rask Invest Research Team

Rask Invest Research Team

The Rask Invest research team produces daily ASX news and research on ASX-listed companies and funds. Join the conversation inside the free investor community. Click here to have your say.
More analysis

Latest stories

More insights

Better investing starts here.

Want to level-up your analytical skills and investing insights but don’t know where to start? Join 50,000 Australian investors on our mailing list and we’ll send you our favourite podcasts, courses, resources and investment articles every Sunday morning. Grab a coffee and let Owen and the team bring you the best  insights.

5%+ in passive income

Owen Rask’s investing report available

With bond ETFs like ASX:IAF and the S&P 500 riding high, now could be one of the best times to start earning passive income from a portfolio of shares and ETFs.

In this free analyst report, our Chief Investment Officer, Owen Rask, names 10 ASX stocks and ETFs to watch.

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Skip to content