The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.13% on Friday.
Australian Dollar ($A) (AUDUSD): 69.30US cents
Dow Jones (DJI): down 0.13%
Oil (WTI): $US57.67 per barrel
Gold: $US1,405 per ounce
ASX Sharemarket News
Australia and New Zealand Banking Group’s (ASX: ANZ) New Zealand division has announced it will work with the Reserve Bank of New Zealand (RBNZ) on independent reviews of its capital models and attestation process.
The Board Chairman Sir John Key said: “The Board has been working on commencing an independent review to provide assurance that our capital models and the Directors’ attestation process are robust and operating in a prudent manner.”
At the end of March 2019, ANZ NZ had over $12,4 billion of capital, being around $3.5 billion more than the regulatory requirement.
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Hardware business and IGA supplier Metcash Limited (ASX: MTS) has reported its FY19 result to investors.
Reported group revenue was up 1.4% to $14.6 billion, group EBIT was down 1.4% to $330 million (click here to learn what EBIT means), underlying net profit after tax fell by 3% to $210.3 million and statutory profit was $192.8 million compared to the prior loss of $148.2 million.
Metcash declined a fully franked final dividend per share of 7 cents.
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Retirement village operator Aveo Group (ASX: AOG) has released an update.
The falling property market has continued to affect the timeframe of settlements and want to move into a seniors living accommodation.
Aveo expects that underlying profit for FY19 will be approximately $50 million, with underlying profit per share (EPS) of 8.6 cents. There may be some impairments in the statutory profit result.
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