ASX200 down 30 points (0.5%) to 6693.
UK PM Boris Johnson has been in Brussels trying to sort out Brexit and the news services are saying that “UK PM’s dinner with EU chief ends “with very large gaps remaining” but Brexit talks to resume with “firm decision” by Sunday”.
Make of that what you want……
- Appen (-9.5%); downgraded its FY earnings guidance on weaker-than-expected 4Q revenue, saying that California’s pandemic lockdown had changed the spending and behaviour of the tech giants who are its major customers.
- Evolution (-4.5%); acquires remaining 30% of Crush Creek from Basin Gold for $4.5m.
- Freedom Foods (TH); said Court proceedings against it and auditors has commenced.
- Karoon Gas (-4%); ships first oil from Bauna Field, and says recent oil rally has given a boost to its forecast revenue.
- Immutep (+55%); said that its Chinese partner, EOC Pharma will commence a new Phase II clinical trial in up to 152 metastatic breast cancer patients in China.
- Link (+0.5%); said it will provide SS&C Technology Holdings with due diligence after deciding the Nasdaq-listed firm’s initial takeover proposal didn’t represent compelling value for shareholders.
- McPhersons (-6.5%); CEO has resigned.
- Rio Tinto (-0.5%);
- Saracen (-5.3%) / Northern Star (-5%); shareholders to vote on Northern Star merger on Jan15.
…..the National Health and Medical Research Council has said that adults should not drink more than 10 standard drinks a week and keep it at four on any given day in order to reduce the risk of alcohol-related health issues. Alcohol Beverages Australia is unhappy the guidelines advise adults to drink less, pointing out booze consumption is at a 50-year low. The industry body wants the guidelines to differ depending on sex, arguing men could drink up to 20 beverages a week if spread out over seven days. ( I will save you doing the maths — 10 drinks a week is 1.4 drinks a day. Don’t shoot the messenger….)
