4 investment stories you missed in the ASX200 this week

Here are 4 investment stories you may have missed from the ASX200 (ASX:XJO) this week.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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

In the S&P/ASX 100, IOOF Holdings Limited (ASX: IFL) has been replaced by Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

In the S&P/ASX 200, Infigen Energy Ltd (ASX: IFN) and Automotive Holdings Group Ltd (ASX: AHG) have been replaced by Pinnacle Investment Management Group Ltd (ASX: PNI) and Hub24 Ltd (ASX: HUB).

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.

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.

More on Share Market News

A man has a surprised and relieved expression on his face. as he raises his hands up to his face in response to the high fluctuations in the Galileo share price today
Broker Notes

These ASX 200 shares could rise 20% to 50%

Big returns could be on the cards for owners of these shares according to analysts.

Read more »

rising gold share price represented by a green arrow on piles of gold block
Share Gainers

Here are the top 10 ASX 200 shares today

It was a horrible way to end the trading week today for ASX investors.

Read more »

Piggy bank sinking in water symbolising a record low share price.
52-Week Lows

9 ASX 200 shares tumbling to 52-week lows today

Israel's strike on Iran on Friday dragged several ASX 200 shares to new depths.

Read more »

Female miner smiling at a mine site.
Share Gainers

Up 834% in a year, guess which ASX mining stock is hitting new all-time highs today

The ASX mining stock has gone from strength to strength over the past year.

Read more »

Broker written in white with a man drawing a yellow underline.
Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why COG, Karoon Energy, Netwealth, and Pilbara Minerals shares are dropping today

These ASX shares are ending the week deep in the red. But why?

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why Fiducian Group, Northern Star, Paradigm, and Santos shares are charging higher

These shares are avoiding the market selloff.

Read more »

Dollar sign in yellow with a red falling arrow in front of a graph, symbolising a falling share price.
Share Market News

Why did the ASX 200 just sink to new 2-month lows on Friday?

It’s been a rocky week for the ASX 200. But why?

Read more »