The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) fell by 0.31% on Monday.
Australian Dollar ($A) (AUDUSD): 68.67US cents
Dow Jones (DJI): down 0.52%
Oil (WTI): $US62.11 per barrel
Gold: $US1,499 per ounce
ASX Sharemarket News
In ASX sharemarket news, Helloworld Travel Ltd (ASX: HLO) has provided FY20 earnings guidance this morning.
Including new GDS contracts, it’s guiding that EBITDA will be between $83 million to $87 million for FY20.
Helloworld CEO and Managing Director Andrew Burnes said: “We are confident that given a continuation of current trading conditions we will again have a strong year in FY20.
Our acquisitions are performing well, our retail networks are either holding their own or growing, or supplier relations are very good, our corporate business is doing very well and across the Tasman our New Zealand teams are going from strength to strength.”
Expert Interview: Magellan's Hamish Douglass
New Zealand energy business Contact Energy Limited (ASX: CEN) has appointed its new CEO.
Mike Fuge has been chosen for the job. He is currently the CEO of Refining NZ and was previously the CEO of Pacific Hydro based in Melbourne. He was also the COO of Genesis Energy and worked at Royal Dutch Shell internationally.
Contact Chairman Rob Mcdonald said: “The Board are pleased to have appointed a CEO with strong energy sector experience and capability to lead Contact’s strategy.”
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Evolution Mining Ltd (ASX: EVN) has announced it has entered into two new earn-in agreements over early stage exploration projects in Western Australia and Queensland.
Evolution’s Vice President Discovery and Business Development, Glen Masterman said:
“We are excited to be adding two new quality projects to our portfolio who have the ability to generate new drill results that extend previously identified mineralised zones.
These earn-in agreements are consistent with our strategy of focusing on orogenic and epithermal deposit styles that can create value through future discovery.”
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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.