The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.69% on Wednesday.
Australian Dollar ($A) (AUDUSD): 69.19US cents
Dow Jones (DJI): down 0.87%
Oil (WTI): $US59.16 per barrel
Gold: $US1,280 per ounce
ASX Sharemarket News
In ASX sharemarket news, Costa Group Holdings Ltd (ASX: CGC) is holding its annual general meeting and has provided updated profit guidance.
The company said that its EBITDA-SL for 2019 (click here to learn what EBITDA means) will be in a range of $140 million to $153 million compared to $125 million last year and net profit-SL will be in a range of $57 million to $66 million compared to $56.6 million last year.
Costa said that this result was below earlier expectations due to a fruit fly at the Impi farm which may require third party packing of 17,000 tones of citrus fruit and also due to higher water pricing.
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Restaurant Brands New Zealand Limited (ASX: RBD) has provided a first quarter trading update with an increase of sales of 1.6% to $128.8 million.
Each of its operating divisions produced pleasing same store sales growth in New Zealand, Australia and Hawaii of 4.9%, 6% and 8.4% respectively.
Taco Bell Hawaii produced a particularly good performance with sales up 8% to US$17.4 million.
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AP Eagers Ltd (ASX: APE) continues to build its ownership of acquisition target Automotive Holdings Group Ltd (ASX: AHG).
The latest ASX notice of interest shows that AP Eagers now owns almost 39% of the large car dealership business. The idea is that the combined business will create a lot of useful economic synergies.
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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).
Disclosure: Jaz owns shares of Costa at the time of writing, but this could change at any time.