The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful this week. Here are four big stories you may have missed that affected the ASX 200 index:
Bellamy’s Australia Ltd (ASX: BAL) rockets
Organic food and infant formula company Bellamy’s saw its share price grow by nearly 15% over the week.
It is been an amazing run for Bellamy’s, it is up 36% over the course of 2019 so far. If it gets the Chinese registration it needs it could go up even more.
InvoCare Limited (ASX: IVC) wants to raise money
The largest Australian funeral and cemetery company wants to raise up to $85 million to fund its renovation and regional acquisition strategies.
It will a combination of $20 million from a share purchase plan and a $65 million fully underwritten institutional placement.
Changing of the guard
Coles Group Limited (ASX: COL) makes a deal with its hotels
Coles has made a $200 million deal for its hotels which will see Australian Venue Co run the hotels and get the economic benefit of that, whilst Coles will get the benefit of the roll-out of more liquor stores in Queensland.
There are 87 Spirit Hotels venues that will be operated by AVC, while Coles will retain 243 retail liquor stores in Queensland and 10 stores attached to Spirit Hotels venues in South Australia and Western Australia.
Coles has made a big move to focus on its core business. These top ASX shares are also making big moves to grow profit and shareholder returns.
For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked...
But knowing which blue chips to buy, and when, can be fraught with danger.
The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."
Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.
Click here to claim your free report.
Motley Fool contributor Tristan Harrison owns shares of InvoCare Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Automotive Holdings Group Limited and InvoCare 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 Scott Phillips.