The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.12% on Wednesday.
Australian Dollar ($A) (AUDUSD): 68.85US cents
Dow Jones (DJI): down 0.01%
Oil (WTI): $US56.39 per barrel
Gold: $US1,491 per ounce
ASX Sharemarket News
In ASX sharemarket news, NAB (ASX: NAB) reported its FY19 result to investors.
NAB reported that its net interest income increased by 1.1% to $13.6 billion, but cash earnings dropped 10.6% to $5.1 billion largely due to Royal Commission customer remediation, although excluding large notable items cash earnings actually rose by 0.8%. Statutory net profit fell by 13.6% to $4.8 billion.
The NAB Board decided to cut the final dividend by 16% to $0.83 per share, bringing the full year dividend to $1.66 per share which was also a decrease of 16%.
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Buy now, pay later company Zip (ASX: Z1P) has announced a strategic agreement with Amazon Australia.
Zip will become a payment option for customers shopping on Amazon.com.au, making it the first instalment option on Amazon’s Australian site.
The company will issue warrants/options for an affiliate of Amazon to acquire up to 14.6 million shares at the average price of the 20 trading days before 31 October 2019.
Zip CEO and Managing Director Larry Diamond said: “We are thrilled to have secured this strategic agreement with Amazon Australia, providing customers with a more flexible way to pay. This puts Zip firmly on the main stage by allowing customers shopping on Amazon.com.au to use Zip to pay at their pace. The agreement delivers a fantastic experience for customers who are looking to own the way they pay.”
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Pengana (ASX: PCG) has announced its intention to acquire a significant stake in Lizard Investments, which is a Chicago-based asset management firm that specialises in global small and medium shares.
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