Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

ASX 200 (XJO) To Open Higher, 3 ASX Shares To Watch

The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.50% on Monday.

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) rose by 0.50% on Monday.

Australian Dollar ($A) (AUDUSD): 67.50US cents

Dow Jones (DJI): up 0.36%

Oil (WTI): $US54.23 per barrel

Gold: $US1,473 per ounce

ASX Sharemarket News

In ASX sharemarket news, Kathmandu Holdings Ltd (ASX: KMD) announced that it’s going to acquire Rip Curl for $350 million.

The idea is that the merger will create a NZ$1 billion global outdoor and action sports business with two well-known Australasian brands and would allow the company to diversify its geographic footprint, channels to market and seasonality profile.

It will be be funded by a capital raising of NZ$145 from shareholders and a NZ$32 million placement of new shares to the founders and CEO of Rip Curl, the rest will be funded by new debt.

[ls_content_block id=”15758″ para=”paragraphs”]

Unibail-Rodamco-Westfield (ASX: URW) has announced its half year result this morning.

The shopping centre giant reported a net operating loss of €47.1 million. This was caused by a negative €312 million from gains & losses on disposals, valuation movements, acquisition costs and other non-recurring activities.

Excluding all of those elements, the business reported a ‘recurring’ net operating profit of €140.8 million. Comparable net operating income increased by 2.2%, with a 5% increase from ‘flagships’ and a 7.8% decline from regionals.

Popular Stories:

Downer EDI Limited (ASX: DOW) has been awarded a two year contract valued at around $200 million to provide mining and related services at the Goonyella Riverside coal mine, with the possibility of a 3-year extension.

The mine, located in central Queensland, is owned by BHP Billiton Mitsubishi Alliance (BMA), with one of the partners obviously being BHP Group Ltd (ASX: BHP).

[ls_content_block id=”18457″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

Skip to content