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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Disclosure: Jaz owns shares of Costa at the time of writing, but this could change at any time.
