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Cimic Group Ltd (ASX: CIM) was formerly called Leighton Holdings. The company changed its name shortly after some bribery scandals emerged in the news and it was acquired by its majority shareholder, Spanish firm Grupo ACS. On a more positive note, Cimic is today a major international construction and mining contractor with brands like UGL, CPB Contractors, Thiess, Broad and Sedgman under its banner.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.28% on Wednesday.
Good dividend shares should be well-established, safe and reliable. Here’s why I think it’s worth looking at shares of these three blue-chip ASX industrials.
Shares in Cimic Group Ltd (ASX: CIM) are up 2% this morning after being selected to deliver stage 2 of Melbourne’s Monash Freeway upgrade.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.28% at lunch.
Cimic Group Ltd (ASX:CIM) just announced a $1.3 billion contract extension. With new contracts and the share price down 35% in six months, does Cimic present great value?
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.29% on Thursday.
The Adelaide Brighton Ltd (ASX:ABC) share price is currently down a jaw-dropping 18% following the release of revised earnings guidance to the ASX.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.33% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.65% on Wednesday.
