The ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful again this week. Here are four big stories you may have missed that affected businesses in the ASX 200 index:
Afterpay Touch Group Ltd (ASX: APT)
Afterpay had a pretty strong week as the share price rose by 9.2% after the buy now, pay later company said that the interim AUSTRAC report has been handed in.
It also benefited from the upgrade from Goldman Sachs. The investment bank set a $42.90 price target for Afterpay and upgraded its shares from a neutral rating to a buy rating.
The buy now, pay later sector continues to be hot with FlexiGroup Limited (ASX: FXL) also rocketing this week on a humm update.
Woolworths Group Ltd (ASX: WOW)
Woolworths was in the news for three different reasons this week.
Subsidiary BWS started delivering in Melbourne via Uber Eats for the AFL Grand Final. The company was having a dispute with Arnott’s about pricing and in-store promotions.
Perhaps most importantly, the supermarket giant extended its partnership with Marley Spoon AG (ASX: MMM).
Bingo Industries Ltd (ASX: BIN)
The waste management business announced the sale price of its Banksmeadow facility to ensure that the Dial A Dump Industries acquisition will go through with the blessing of the Australian Competition and Consumer Commission (ACCC).
Bingo’s sale price to CPE Capital is $50 million, and the sale is expected to complete before 9 October 2019.
Webjet Limited (ASX: WEB)
Webjet announced the impact of Thomas Cook going into compulsory liquidation.
The travel company revealed it expects a loss of total transaction value (TTV) of $150 million to $200 million and there’s the potential of unpaid receivables of €27 million.
However, excluding Thomas Cook, for the 10 weeks of trading for FY20 year to date, WebBeds TTV is up more than 50% over the prior corresponding period.
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended FlexiGroup Limited and Webjet Ltd. 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.
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