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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 ALL ORDINARIES (INDEXASX:XAO)(ASX:XAO) index climbed 0.9% on Wednesday, despite a fall from Commonwealth Bank of Australia (ASX:CBA).
Today, Cimic Group Ltd (ASX: CIM) revealed its financial results for the year to 31 December 2017.
Australia’s share market, or the All Ordinaries (INDEXASX: XAO)(ASX: XAO), has recovered a lot of yesterday’s loss, it’s up 1.39%.
The Australian share market, or S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO), is expected to open higher on Wednesday, following the Dow Jones Industrial Average (INDEX:.DJI) upwards.
Australia’s S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) is expected to open higher on Monday.
