Here are the headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles on Wednesday morning.
But first, here are the data points:
Australian Dollar ($A) (AUDUSD): 74.26 US cents
Dow Jones (DJI): up 0.4%
Oil (WTI): $US68.43 per barrel
Gold: $US1,233 per ounce
Australian Investing News
Making finance news, New Zealand based software business Pushpay Holdings Ltd (ASX: PPH) reported its first-quarter results today showing a 52% increase in revenue.
“Pushpay exceeded budgeted sales targets, leading to a record sales quarter,” Pushpay CEO Chris Heaslip said. “The Company continues to build on its market leading position in the US faith sector and is well positioned for future growth.”
Read more: “Is Pushpay Delivering On Its US Expansion?”
Another Kiwi software company Xero Limited (ASX: XRO) announced it will acquire Hubdoc, a data capture software solution that helps accountants streamline data collection and data entry. Hubdoc has been part of Xero’s accounting ecosystem since 2014.
The deal will cost up to $US70 million in cash and Xero shares over the next 18 months. “The acquisition of Hubdoc enables us to take the next step in delivering a platform that seamlessly connects small businesses with their financial data, and their accountants and bookkeepers,” CEO Steve Vamos said.
Funds management business Janus Henderson Group Plc (ASX: JHG) announced its second quarter report for its 2018 financial year revealing profit per share of $US0.70 with fund outflows of $US2.7 billion. The company also announced the appointment of Dick Weil as CEO, who is the CEO of Janus Henderson Investors.
Retail property owner BWP Trust (ASX: BWP) released its 2018 annual report to investors showing a 1% increase in revenue and a distribution/dividend to shareholders of 9.03 cents per share, up 2% from last year.
Looking into 2019, BWP Trust said it anticipates further rental growth from its Bunnings Warehouse property assets and “at least maintain distribution growth” at levels experienced in 2018.
