At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is pushing higher. The benchmark index is currently up 0.45% to 7,420 points.
Here’s what is happening on the ASX 200 on Friday:
Premier Investments half year results
The Premier Investments Limited (ASX: PMV) share price is edging lower today. This is despite the release of the retail giant’s half year results, which revealed earnings ahead of guidance and a record dividend. The Smiggle and Peter Alexander owner reported a 5.5% increase in EBIT to $212 million and a record fully franked interim dividend of 46 cents per share.
BHP shares upgraded
The BHP Group Ltd (ASX: BHP) share price is pushing higher today after being upgraded by Morgans. According to the note, the broker has upgraded the mining giant’s shares to an add rating with a $51.80 price target. The broker made the move after upgrading its iron ore price forecasts.
Ampol’s Z Energy acquisition update
Ampol Ltd (ASX: ALD) shares are trading lower today despite a positive update on its proposed acquisition of Z Energy Ltd (ASX: ZEL). According to the release, Z Energy shareholders have voted in favour of the transaction at a meeting this morning. This brings the deal a step closer to completion. Though, it still requires the receipt of a ‘no objection statement’ from the Takeovers Panel, approval from the Overseas Investment Office, and final orders of the High Court.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Friday has been the BlueScope Steel Limited (ASX: BSL) share price with a 5% gain. This is despite there being no news out of the steel producer. The worst performer has been the Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price with a 3% decline. This medical device company’s shares have come under pressure this week following a guidance update.
The post ASX 200 (ASX:XJO) midday update: Premier’s record dividend, BHP upgraded appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.
*Returns as of January 12th 2022
More reading
- Premier (ASX:PMV) share price on watch after earnings beat and record dividend
- 5 things to watch on the ASX 200 on Friday
- These 3 ASX 200 shares are topping the volume charts on Thursday
- Is the Appen (ASX:APX) share price on the comeback trail?
- ASX 200 (ASX:XJO) midday update: Brickworks impresses, Uniti confirms takeover approach
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
from The Motley Fool Australia https://ift.tt/rGmjYoD
Leave a Reply