The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is set to open down on Tuesday following mixed results from global markets. Shares in focus will include TPG Telecom Ltd (ASX: TPM), Premier Investments Limited (ASX: PMV) and Spotless Group Holdings Ltd (ASX: SPO).
Here’s a quick recap:
- FTSE 100 (UK): up 0.07%
- DAX (Germany): down 0.35%
- CAC 40 (France): down 0.34%
- Dow Jones (USA): down 0.04%
- NASDAQ (USA): up 0.01%
In London, shares ended at an all-time high despite the pound falling after the UK parliament said they would begin to leave the European Union on March 29. FTSE-listed shares of BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) ended 0.6% lower and 0.2% higher, respectively.
Across the pond, US markets slipped after concerns over the timeliness of Trump’s tax policies rose.
Closer to home, the S&P/ASX 200 is tipped to open slightly lower.
Shares in focus will include TPG Telecom Ltd. This morning, the growing telecommunications business released its half-year report to the market showing an increase in revenue, profit and dividends. Read more here.
Premier Investments Limited, the owner of Smiggle, Just Jeans, Peter Alexander and much more, reported its half-year profit result showing a 4% increase in revenue and flat profit, year over year.
Kathmandu Holdings Ltd (ASX: KMD) reported flat revenue and a 6.4% increase in half-year profit. Pleasingly, it also announced an NZ 4 cents per share dividend.
Mitula Group Ltd (ASX: MUA) updated the market on its outlook, forecasting adjusted operating profit between $17 million and $19 million for its 2017 financial year.
Thorn Group Ltd (ASX: TGA) announced an additional provision of $4 million to its financial accounts has resulted in a forecast profit guidance of between $24 million and $26 million for its current financial year. The provision relates to ASIC’s investigation into the lending standards of its Radio Rentals business. Thorn believes ASIC will seek a civil penalty against it. Additionally, Thorn warned that it may be necessary to reduce the final dividend.
Finally, Downer EDI Limited (ASX: DOW) shares have entered a trading halt pending a capital raising following an announcement it will take over Spotless Group Holdings Ltd. The $1.15 per share deal values Spotless at $1.27 billion.
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The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.