The ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful again this week. Here are four big stories you may have missed that affected the ASX 200 index:
Qantas Airways Limited (ASX: QAN)
The airline company announced this week a sizeable change to how the frequent flyer program is going to work from now on.
Some of the changes include making more seats available through the reward system, increasing the points needed for an upgrade and introducing a Lifetime Platinum status.
Rio Tinto Limited (ASX: RIO)
The large commodity business unfortunately downgraded its iron ore production guidance for 2019 from 333 million tonnes to 343 million tonnes to a lower range of 320 million tonnes to 330 million tonnes.
This will also likely mean an increase of unit costs for the miner, management will give further information at the next quarterly update.
Coles Group Limited (ASX: COL)
The supermarket business announced a new strategy to the market this week that included aiming to become the most sustainable supermarket in the country, a focus on technology such as automation and offering more private label healthier options as well as more convenience options.
CSL Limited (ASX: CSL)
The CSL share price fell after the company announced that the transition to its own GSP license in China in FY20 will result in lower reported albumin sales of approximately $340 million to $370 million for that year.
Sales of albumin in China are expected forecast to return to a normalised level in FY21. The direct trading business model enhances CSL's ability to serve patients more effectively in the Chinese market, capture more of the value chain and rely just on itself, not third parties, to deliver to end customers like hospitals.
