The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.69% on Tuesday.
Australian Dollar ($A) (AUDUSD): 67.59US cents
Dow Jones (DJI): down 1.08%
Oil (WTI): $US53.96 per barrel
Gold: $US1,545 per ounce
ASX Sharemarket News
In ASX sharemarket news, Spark New Zealand Ltd (ASX: SPK) announced that its subsidiary Qrious is acquiring NOW Consulting with the idea of creating a market-leading data and analytics service.
Qrious is Spark’s owned data, analytics and AI business. NOW Consulting is the NZ based data consulting division of Wherescape.
Spark CEO Jolie Hodson said: “Data is fast becoming a business’ most valuable asset. When unleashed effectively, it provides a real competitive advantage.”
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Macquarie Group Ltd (ASX: MQG) has launched its share purchase plan (SPP) for regular investors to take part in the investment bank’s capital raising.
Macquarie has already raised around $1 billion from institutional investors and now regular investors will get the chance to invest up to $15,000 per person at a share price of either $120 or a 1% discount to the average share price over the five days before the offer closes, whichever is lower.
The amounts that people can apply for are $2,500, $5,000, $7,500, $10,000, $12,500 or $15,000.
The raised cash will be used to invest in what Macquarie thinks are good opportunities, particularly in the sectors of technology, renewables and infrastructure.
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Fletcher Building Limited (ASX: FBU) has announced that on 9 September 2019 it will start an on-market share buyback of up to 70 million shares, costing up to NZ$300 million.
The buyback will run for up to 12 months from 21 August 2019, which is the date of the disclosure document.
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