Australia…One Hour In…ASX Up 60 Points

By Scott Phillips | More Articles by Scott Phillips

– Boral (-1.1%); has increased and extended its debt facilities. Also announced some senior management changes at its US business.

– BlueScope (+2.1%);
confirmed that its IT systems have been affected by a cyber incident. Damage is minimal.

– Macquarie (+2.1%); has hired former Treasurer Joe Hockey. The stock goes ex-div 180c on Monday.

Michael Hill Int (-2.8%); says it won’t reopen all stores.

– Ramsay Health Care (+0.1%); has entered into binding heads of agreement with NSW Health to make its facilities and services available during the COVID-19 pandemic.

– Virgin Aust (TH); today is the last day to enter your bid for the company. Does anyone want to own an airline ?!

– Westpac (+2.2%); press speculation that WBC’s life insurance unit is the next big financial unit to be up for sale.

Scott Phillips

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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