Author - Craig Foley

Coles (ASX:COL) put aside $20m for underpaid salaries: ASX closed 0.2% lower

18 Feb 2020 - The ASX closed 0.2% lower today failing to gain momentum after dropping at the open. Shares in the Monadelphous Group (ASX:MND) rose today after they released their results showing a revenue rise. Tech stocks slid with Altium (ASX:ALU) falling the most. The best-performing sector is utilities. The Coles Group (ASX:COL) set aside $20 million for underpaid salaries.

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Cochlear (ASX:COH) net profit increase of 23%

18 Feb 2020 - Hearing implant manufacturer Cochlear's (ASX:COH) reported net profit increased by 23 per cent to $157.7 million and includes $25.0 million in non-cash after-tax gains from the revaluation of innovation fund investments.

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Rio’s (ASX:RIO) iron ore shipments reduced due to cyclone: ASX set for a flat start

18 Feb 2020 - Wall Street was closed yesterday due to President’s Day. The ASX looks set to open flat this morning. European stocks closed higher as China’s central bank announced fresh policy to shield its economy from Coronavirus. Meanwhile, Apple reports they will not meet their quarterly revenue forecast as a result of the virus outbreak. Rio Tinto’s (ASX:RIO) iron ore operations in the Pilbara are progressively resuming following the passing of Tropical Cyclone Damien.

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