Atlas Iron Limited (ASX:AGO) shareholders have woken to the news that its board has recommended the takeover offer from Gina Rinehart’s Hancock Prospecting. But Fortescue Metals Group Limited (ASX:FMG) is circling.
Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) on Friday. In focus: Gentrack Group Ltd (ASX:GTK) reaffirms guidance and the Atlas Iron Ltd (ASX:AGO) board tips the Hancock offer.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open slightly higher on Tuesday morning, according to data from the Sydney Futures Exchange. Cimic Group (ASX:CIM) and Bank of Queensland (ASX:BOQ) are in the news.
The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended slightly higher on Monday as ASX bank shares and CSL Limited (ASX: CSL) lifted the ASX 200.
The Aussie sharemarket or ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index closed higher on Monday as ResMed Inc. (CHESS) (ASX:RMD) shares push upwards.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has opened in the green by 0.40%.
Shares of iron ore business Atlas Iron Limited (ASX:AGO) slumped 16% on Monday following the release of its quarterly report and a trading update.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open in positive territory on Monday, as the Australian Dollar (A$) (AUDUSD) hovers at 81 US cents.
The Australian share market or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) is expected to open Lower on Wednesday.
