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ASX200 up 12 points to 6282……..+0.2%

  • ABC (-6.2%); has warned of slowing construction activity and increased competition as it trimmed its profit expectations for the full year.
  • CTX (-0.8%);reported a 43% fall in 1Q earnings on the back of shrinkage in margins on selling petrol/diesel and a slump in refinery earnings.
  • GNC (-3.9%);has blamed drought and international trade tensions after revealing a 1H loss of $59m just three days after Long Term Asset Partners abandoned a $3.3bn takeover tilt.
  • ORI (+6.5%); delivered a 35% jump in 1H profit on solid mining demand  — well ahead of expectations.
  • QAN (+2.2%); reported a 2.3% jump in 3Q revenue.  Said the outlook for domestic business is mixed but is positive for for its international business.
  • QBE (+0.08%); AGM has just started.   I havnt seen any comments as yet……

…..and Ladbrokes have said they took a bet last night from a punter who put $1m on Labor to win the election @ $1.24.   Labor now in to $1.18 and Coalition out to $4.75.

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