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Australia… One Hour In… ASX200 up 25

ASX200 up 25 points (0.3%) to 7325. Westpac (-0.5%); flagged a hit of $1.3bn to FY21 profit due to a range of notable items. 

ASX200 up 25 points (0.3%) to 7325.

 

  • AMP (+2.2%); said the operational separation and demerger of Private Markets remains on track to complete in 1H22.
  • Bank of Queensland (-0.2%);  report tomorrow.
  • CSL (+1%); AGM today.  Seeing modest growth but leaves outlook unchanged due to covid impact on plasma collections.
  • Newcrest (+1.9%); said it will progress to feasibility stage studies on four growth projects that will materially cut costs.
  • Telstra (+0.1%); AGM today. Have maintained FY22 guidance , confident of underlying growth.
  • Westpac (-0.5%); flagged a hit of $1.3bn to FY21 profit due to a range of notable items.

 

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