Author - Craig Foley

UBS raises TPG (ASX:TPM) target price following merger approval: Aus market closes 1.1% lower

17 Feb 2020 - A bullish run in the back half of the session has boosted the market. However, it wasn’t enough to counteract this morning’s losses. The market closed 0.1% lower today. A subsidiary of GR Engineering Services (ASX:GNG) has secured an agreement with the Department of Industry, Science, Energy and Resources of the Australian Government.

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Brambles (ASX:BXB) dividend down 37.9%

17 Feb 2020 - Brambles (ASX:BXB) has reported first half underlying profit of $US435.5 million, up 1 per cent net on the prior corresponding period and 5 per cent higher excluding foreign exchange impacts.

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Huge reporting week ahead: ASX poised to open lower

17 Feb 2020 - Following mixed leads from US markets, the ASX looks set to open higher this morning. It’s a huge reporting week this week with more than 70 companies due to report such as BHP, Coles, Crown, Fortescue Metals, and Qantas and Santos. Universal Coal (ASX:UNV) made a recommendation to its shareholders on Friday to take no action regarding the unsolicited bid by TCIG Resources Pte.

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