The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went up by 0.47% on Friday.
Australian Dollar ($A) (AUDUSD): 70.43US cents
Dow Jones (DJI): down 0.51%
Oil (WTI): $US62.84 per barrel
Gold: $US1,286 per ounce
ASX Sharemarket News
In ASX sharemarket news, Coles Group Limited (ASX: COL) has announced its third quarter sales for the 2019 financial year.
The large supermarket business reported that it delivered the 46th consecutive quarter of comparable sales growth for the supermarket & liquor segment, although if you include Coles Express it didn’t achieve growth.
Total supermarkets and liquor growth was 3.3% to $8 billion, with comparable sales growth of 2.5%.
Coles Group CEO Steven Cain said: “We delivered a solid outcome for the third quarter. We know that customer expectations are changing faster than ever, and we are resolutely focused on delivered our Fresh Tomorrow strategy.”
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Worleyparsons Limited (ASX: WOR), now calling itself ‘Worley’, announced that it has completed the acquisition of Jacobs ECR division.
The new merged business is a large global business in project and asset services in energy, chemicals and resources, employing 57,600 people across 51 countries.
WorleyParsons CEO Andrew Wood said: “This merger is about more than capacity and capability. It’s about opportunity. The opportunity to become the partner of choice for our customers, the employer of choice for our people and to deliver enhanced returns for our shareholders.”
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Pilbara Minerals Ltd (ASX: PLS) has announced the highlights from its March 2019 quarterly report.
The lithium miner had quarterly sales of 38,562 dry metric tonnes (dmt) of spodumene concentrate and 30,356 lbs of tantalite concentrate. Pilbara declared it had steady production growth with 52,196 of spodumene concentrate.
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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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.