The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down 0.26% on Wednesday.

Australian Dollar ($A) (AUDUSD): 71.17US cents

Dow Jones (DJI): down 0.05%

Oil (WTI): $US53.95 per barrel

Gold: $US1,307 per ounce

ASX Sharemarket News

In ASX sharemarket news, British bank CYBG Plc (ASX: CYB) has given its first quarter result to investors. Customer lending growth for the quarter was 1.4% to £71.9 billion with mortgage growth of 1.5% to £60 billion benefiting from a “strong pipeline” coming into the quarter and good customer retention. SME growth was 12% to £7.6 billion.

The net interest margin (NIM) in the first quarter was 1.72%, with guidance for the rest of the year for 1.65% to 1.7% due to sustained pricing competition in the UK mortgage market. Initial integration work with Virgin Money has reaffirmed the transaction benefits, the annual cost synergies is now £150 million.

CYBG Plc CEO David Duffy said: “Market conditions remain uncertain while we await the outcome of the Brexit negotiations, but we remain focussed on supporting our customers and delivering against the factors within our control.”

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Electronic donation business Pushpay Holdings Ltd (ASX: PPH) has announced some of the metrics it achieved in the quarter ending 31 December 2018. The headline is that total revenue increased by 35.2% to US$27.7 million compared to last year.

The annualised processing volume increased by 28.6% to US$5.1 billion, average revenue per customer increased by 25.6% to US$1,548 but the staff headcount only went up by 3.8% to 358 people.

Pushpay said it was both EBITDAF and cash flow positive for the December 2018 quarter (click here to learn what EBITDA is).

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Alliance Aviation Services Ltd (ASX: AQZ), the flight charter business, announced its half year result yesterday. The company grew revenue by 18% to $137.8 million, total flying hours went up 21% to 19,670 and profit after tax flew 39% higher to $9.8 million.

The balance sheet looks healthier with a $4.9 million reduction of net debt to $48.5 million and the interim dividend was increased by 172% to 6.8 cents per share.

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).