Most sectors are in positive territory with materials, consumer discretionary and energy plays leading the charge higher.
In company news Amcor’s underlying earnings rose 14% to $304.7 million in 1H FY12, exceeding analyst expectations.
UGL has posted a 1H FY12 profit of $55.35 million, a 14.9% fall on the prior corresponding half. The result was below analyst expectations.
Finally, Billabong has continued its run higher today after confirming a $3 a share offer from private equity firm TPG. BBG is trading around $2.85.
Around the region, Asian markets are all higher; the Hang Seng is up 1%, whilst the Nikkei is 1.4% stronger.
Written by: marketpulse Other posts from: marketpulse
Posted in Market Analysis, Midday
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