The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) rose by 0.46% on Friday.
Australian Dollar ($A) (AUDUSD): 70.21US cents
Dow Jones (DJI): up 0.90%
Oil (WTI): $US60.29 per barrel
Gold: $US1,418 per ounce
ASX Sharemarket News
In ASX sharemarket news, Integrated Research Limited (ASX: IRI) has released some profit guidance for FY19.
The company is still in the early stages of preparing its FY19 report, but based on the internal management accounts the company expects to report record revenue in a range of $100 million to $101.5 million which would represent growth of 10% to 12%.
Net profit after tax (NPAT) is expected to be in the range of $21.2 million to $22 million, which would be growth of 10% to 15%.
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AMP Limited (ASX: AMP) has announced that the sale of its AMP Life business (which is the Australian and New Zealand wealth protection and mature businesses) to Resolution is “highly unlikely” to proceed on the current terms due to the challenges in meeting the condition precedent for Reserve Bank of New Zealand (RBNZ) approval.
RBNZ said it would not consider Resolution Life’s change of application unless it agreed to have separate, ringfenced assets held in New Zealand for the benefit of New Zealand policyholders, which is apparently inconsistent with the current branch structure.
Due to the fact the sale isn’t likely to go ahead, the AMP Board expect an interim dividend won’t be paid for the first half result.
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Fintech company Praemium Ltd (ASX: PPS) has revealed its June 2019 quarterly update.
Praemium revealed that it achieved record quarterly gross inflows across Australia and International of $903 million. Platform funds under administration (FUA) reached $$9.53 billion with $405 million of net inflows and market movements of $244 million.
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