The Orion Health Group Ltd (ASX: OHE) share price will come into focus today after the group said it expects operating revenue to decrease this year compared to last year. The broader market is expected to rise marginally with the futures market pointing to a 7-point increase at the open.
Here’s a quick recap:
- FTSE 100 (UK): down 0.63%
- DAX (Germany): up 0.46%
- CAC 40 (France): up 0.65%
- Dow Jones (USA): down 0.31%
- NASDAQ (USA): down 0.04%
In its update this morning, Orion health said it remains committed to reaching profitability during the 2018 financial year. In the meantime, while it expects its net loss to improve this year compared to last year, it expects operating revenue to decline.
Fellow healthcare business Healthscope Ltd (ASX HSO) announced the appointment of its new Managing Director and CEO, Gordon Ballantyne, effective 15 May 2017. The HSO share price is sitting slightly lower since the beginning of the year, so investors will be hoping for a positive reaction.
The BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) share prices could also receive some attention today. Iron ore closed another 1.7% lower during the latest session, and is now fetching just US$80.39 a tonne according to The Metal Bulletin.
Brent oil, on the other hand, rose 0.8% while gold was up 0.5%. The Australian dollar is also fetching US76.39 cents.
Finally, Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) will also be looking for a rebound today. The SOL share price dropped 3.2% on Friday to fetch $18 at the end of the session.
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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Washington H. Soul Pattinson and Company Limited. 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.