The S&P/ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 1.47% on Monday.
Australian Dollar ($A) (AUDUSD): 70.68US cents
Dow Jones (DJI): up 0.79%
Oil (WTI): $US56.77 per barrel
Gold: $US1,294 per ounce
ASX Sharemarket News
In ASX sharemarket news, technology company Appen Ltd (ASX: APX) is expected to come out of a trading halt this morning after announcing it is acquiring US based Figure Eight.
The target company is a machine learning software platform, it uses highly automated annotation tools.
Figure Eight will cost Appen US$175 million initially, which values it at 5.7x FY18 revenue, but then there may be a further earn-out payment of up to US$125 million.
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Briscoe Group Limited (ASX: BGP) has reported its full year result to 27 January 2019.
The New Zealand company reported that sales revenue increased by 4.4% to $631.9 million and net profit after tax attributable to shareholders increased by 3.4% to $63.4 million.
The Kiwi company also declared a final dividend of 12 cents per share.
Briscoe Group Managing Director Rod Duke said: “We are pleased to announce another record profit for Briscoe Group in a challenging retail market which continues to contend with erratic consumer confidence and economic indicators making customers even more determined than ever to seek true value for money.”
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Retirement village operator Lifestyle Communities Limited (ASX: LIC) has announced it is acquiring a development site in Tyabb, located on Victoria’s Mornington Peninsula.
It is expected to add 185 home sites to Lifestyle’s total, but settlement isn’t expected by the end of 2020.
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