The Motley Fool

3 ASX events you missed on Thursday

The S&P/ASX 200 Index (INDEXASX: XJO) gained 0.21% on Thursday to finish at 7,103.20 points. The benchmark Aussie index was boosted higher by some strong earnings results in various sectors.

In terms of industry sectors, Utilities (+1.53%) and Consumer Discretionary (+0.77%) were the biggest gainers. In a broadly positive day for ASX shares, Consumer Staples (-0.83%) saw the biggest losses.

Here’s a recap of the biggest ASX news, events and movements that you missed on another solid day of trade on Thursday.

Breville shares rocket higher after smashing expectations

One reason for the ASX Consumer Discretionary performance on Thursday was Breville Group Ltd (ASX: BRG).

Breville released its half-year results yesterday and reported a 25.4% jump in revenue to $552 million. The kitchenware appliance group also saw a 15.6% increase in earnings before interest and taxes (EBIT) to $72 million as management boosted the dividend by 10.8% to 20.5 cents.

Breville shares were already trading at a 52-week high prior to the results but surged 27.63% higher to $25.50 per share.

The group boasts a market cap of $3.32 billion, which meant the surge dragged the Consumer Discretionary sector higher.

TPG finally gets court approval for Vodafone merger

The TPG Telecom Ltd (ASX: TPM) share price rocketed 11.49% higher on Thursday after the Federal Court approved its merger with Vodafone Hutchison Telecommunications (Aus) Ltd (ASX: HTA).

The ACCC blocked the merger back in May 2019 on fears of reduced competition in the Aussie market. TPG subsequently dropped its 5G network plans and the Federal Court today approved the decision. 

The Telstra Corporation Ltd (ASX: TLS) share price dropped on Thursday following the news, while TPG shares soared.

Treasury Wine Estates shares slump on weak earnings

The Treasury Wine Estates Ltd (ASX: TWE) share price was the worst performer in the ASX 200 on Thursday after a disappointing half-year result.

Treasury Wines reported net sales revenue down 2% to $1,536.1 million for the first half. The winemaker’s EBITS margin was 23.95% as EBITS climbed 6% to $366.7 million.

However, weak performance from its Americas business dragged on the result and a weak FY 2020 forecast sent the Treasury Wines share price falling 5.73% on Thursday.

Here are 3 more ASX dividend shares that are worth keeping an eye on this month.

The Motley Fool AU Announces Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- The Motley Fool Australia's resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 126%) and Collins Food (up 79%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited and Treasury Wine Estates 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!