In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up a decent 0.45% to 6,775 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are storming higher:
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Alcidion Group Ltd (ASX: ALC)
The Alcidion share price has jumped a sizeable 9% to 30.5 cents after announcing a new contract win. According to the release, the healthcare technology company has signed a contract with East Lancashire Hospitals NHS Trust for its Patientrack and Smartpage solutions. The contract is estimated to be worth a total of $2.2 million over five years.
GrainCorp Ltd (ASX: GNC)
The GrainCorp share price is up over 2% to $4.82. Investors have been buying the grain exporter's shares after it announced new operating initiatives that are expected to boost its earnings. According to the release, GrainCorp is forecasting a $25 million boost in annualised EBITDA by 2023-24 thanks to these initiatives.
Premier Investments Limited (ASX: PMV)
The Premier Investments share price is up almost 3% to $23.85 following the release of its half year results. The retail conglomerate reported a 7.2% increase in global sales to $784.6 million for the half. A key driver of this growth was the Peter Alexander business which delivered a 43.4% increase in sales to a record $207.7 million. On the bottom line, thanks to improved margins, the company's first half net profit after tax jumped 88.9% to $188.2 million.
Xero Limited (ASX: XRO)
The Xero share price is up 3.5% to $125.48 after announcing a new acquisition. The business and accounting platform provider is acquiring e-invoicing infrastructure business Tickstar for up to SEK 150 million (~A$22.9 million). Sweden-based Tickstar allows organisations such as Xero and its customers to connect to a global e-invoicing network. This enables faster and more secure transactions.
