Author - Craig Foley

LVMH (EPA:MC) to buy Tiffany & Co. (NYSE:TIF): Aus shares to open higher

26 Nov 2019 - The Australian share market is set to open higher following record highs overnight on the S&P 500 and Nasdaq Composite indexes. The highs came as China promised to tighten intellectual property rules in the country and the market saw a slew of merger and acquisition activity. French luxury goods multinational LVMH, has inked a deal worth US$16.2 billion to purchase Tiffany & Co (NYSE:TIF).

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Telcos leads the sectors: Aus shares close 0.3% higher

25 Nov 2019 - It has been a positive day of trade for the Australian share market closing 0.3 per cent higher. The Afterpay Touch Group (ASX:APT) shares closed the day on a high on the back of their final audit provided to AUSTRAC. Nufarm (ASX:NUF) shares are down after it flagged a weak first quarter and looks likely their earnings will take a hit. As for the sectors today Telcos led the day and Consumer Discretionary fell lower.

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Afterpay Touch Group (ASX:APT) shares rise on final audit for AUSTRAC: ASX tracking 0.6% higher at noon

25 Nov 2019 - The ASX rose at the open and is now tracking 0.6% higher at noon. The Afterpay Touch Group (ASX:APT) shares shot up on the back of its final audit provided to AUSTRAC. Caltex Australia (ASX:CTX) shares are also on the rise today after they reported they intend to float stake in 250 retail sites. Healius (ASX:HLS) expects underlying NPAT for FY 2020 to be higher than FY 2019.

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