Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Reporting Season: AMP slammed, MFG flying, ASX & TWE recover early losses

Proactive Investors Wednesday, 13 February 2019
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) was down nearly 20 points in the first 10 minutes but went on to be up 30 points at 11.00am before trending back towards flat at lunch. 1.15pm: AMP slammed, MFG flying, ASX & TWE recover early losses Embattled financial services firm AMP Limited continues to lick its wounds from the Royal Commission being down 7% at $2.26 while fund manager Magellan is up 9% to $31.90. Treasury Wines and ASX Limited however proved opening traders wrong and have been able to get back their early share price losses. Treasury opened down nearly 5% and swung to be up 4% just before midday but has since come back to trading flat. Investors crucified Treasury early for cash flow metrics being less than expected however the company has been able to calm fears seemingly, possibly through the 11.00am conference call. ASX Limited opened down over 3% at around $66.20 but over the day has grined back to be up nearly 1% at $69.00. [VIDEO] Mid Session: It has been a choppy start to Thursday trade with the ASX 200 edging higher by 8 points to 6071 towards lunch. It has been a big day on the reporting front with a host of companies announcing half or full year results. https://t.co/WD0PJEercE #ausbiz — CommSec (@CommSec) February 14, 2019 Pre-market: Reporting Season: busy day ahead AMP, ASX, MFG, SUN, TLS, WPL Results from some of the ASX's biggest companies (including the ASX itself) have been released and investors and analysts are busy crunching numbers to decide if they have met expectations. Earnings growth of 20% will see a share price slammed if the market expected 25%, but the opposite applies if expectations are surpassed. Nominal numbers mean nearly nothing in earnings season in comparison to expectations. Some of the larger companies to be judged today on their December results include financial services company AMP Limited (ASX:AMP), ASX Limited (ASX:ASX), winemaker Treasury Wine Estates Ltd (ASX:TWE), bank and insurer Suncorp Group Ltd (ASX:SUN), Telstra Ltd (ASX:TLS), listed fund manager Magellan Financial Group Ltd (ASX:MFG), and Woodside Petroleum Ltd (ASX:WPL).   Morning Report 14 Feb 19 : US stocks advance on trade optimism pic.twitter.com/nn3nGjihYl — CommSec (@CommSec) February 13, 2019    
0
shares
ShareTweetSavePostSend
 
Credit: Rumble - Published < > Embed
News video: Dwane Casey has "love" for Thon Maker's early efforts with Pistons

Dwane Casey has "love" for Thon Maker's early efforts with Pistons 00:36

Dwane Casey has &quot;love&quot; for Thon Maker&apos;s early efforts with Pistons. Brad Galli has more.

You Might Like


Recent related videos from verified sources

NK talks have not resumed as quickly as hoped: Pompeo [Video]NK talks have not resumed as quickly as hoped: Pompeo

In an interview on CBS &quot;This Morning&quot;, U.S. Secretary of State Mike Pompeo said on Tuesday that the U.S. hasn&apos;t &apos;gotten back to the table as quickly as they..

Credit: Rumble     Duration: 01:12Published

Wall Street Treads Water After Three-Day Winning Streak [Video]Wall Street Treads Water After Three-Day Winning Streak

(Reuters) - U.S. stocks were little changed on Tuesday after three sessions of gains, as lower Treasury yields weighed on financial shares, offsetting a boost from Home Depot’s better-than-expected..

Credit: Wochit News     Duration: 00:33Published

UK Prime Minister Boris Johnson Asks EU To Scrap 'Backstop' Agreement [Video]UK Prime Minister Boris Johnson Asks EU To Scrap 'Backstop' Agreement

Johnson said the provision in the Brexit agreement needs to go because it&apos;s &quot;unviable&quot; and &quot;inconsistent with the sovereignty of the U.K. as a state.&quot;

Credit: Rumble     Duration: 01:30Published

Truck Carrying Massive Turbine Blade Makes Stunning Turn Onto Narrow Street [Video]Truck Carrying Massive Turbine Blade Makes Stunning Turn Onto Narrow Street

This remarkable video is filmed in Scotland and it shows a solution to a seemingly impossible problem - turning sharp right on a narrow road carrying a 200-foot turbine blade. At the start of the..

Credit: Rumble     Duration: 02:37Published


Recent related news from verified sources

Why AMP, Fortescue, Northern Star, & Orocobre shares dropped lower today

The AMP Limited (ASX:AMP) share price and the Orocobre Limited (ASX:ORE) share price are two of four dropping notably lower on Monday...
Motley Fool

ASX 200 lunch time report: Challenger, St Barbara, & Westpac higher

Challenger Ltd (ASX:CGF), Magellan Financial Group Ltd (ASX:MFG), National Australia Bank Ltd (ASX:NAB) shares have caught the eye on the ASX 200 index on...
Motley Fool

Head & Shoulders Enlists Patrick Mahomes and Troy Polamalu to Settle the Age-Old Debate - Offense or Defense?

Head & Shoulders Enlists Patrick Mahomes and Troy Polamalu to Settle the Age-Old Debate - Offense or Defense?
CINCINNATI--(BUSINESS WIRE)--As the official shampoo of the National Football League (NFL) for over ten years, Head & Shoulders is tackling one of the oldest...
Business Wire

5 things to watch on the ASX 200 on Tuesday

Challenger Ltd (ASX:CGF), Magellan Financial Group Ltd (ASX:MFG), and St Barbara Ltd (ASX:SBM) shares will be on watch on the ASX 200 index on Tuesday...
Motley Fool


Other recent news in Business

Broken Hill Prospecting acquiring advanced rare earth PROJECT in Arizona, USTwitter, Facebook uncover China-backed interference in Hong KONG PROTESTS
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.