Washington H Soul Pattinson & Co. Ltd (ASX: SOL) is an investment house business which has been on the ASX for over a century. Its origins are in owning and operating Australian pharmacies, which is where the Soul Pattinson chemist chain comes from, however, that business is now owned by Australian Pharmaceutical Industries Ltd (ASX: API), which WHSP owns 19.3% of. WHSP invests in a large number of companies across a variety of industries such as construction, resources and telecommunications.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.27% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 1.42% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.04% at lunch.
Here are the stories from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles today.
The S&P/ASX 200 (INDEXASX:XJO) (^AJXO) was weighed down by Medibank Private Ltd (ASX:MPL) and Washington H. Soul Pattinson & Co. Ltd (ASX:SOL) on Thursday afternoon.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.36% at lunch.
Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) released its 2018 financial results to the market today revealing a 17.4% rise in regular net profit and the 18th consecutive year of increases to its dividend.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.09% at lunch.
TPG Telecom Ltd (ASX:TPM) has released fresh details on its plans to merge with Vodafone Hutchison Australia Ltd (ASX:HTA) and become a $15 billion telco heavyweight.