At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a decline. The benchmark index is currently down 0.2% to 7,431.4 points.
Here's what is happening on the ASX 200 today:
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ANZ full year results
The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is pushing higher today after outperforming expectations in FY 2021. The banking giant reported a 65% increase in full year cash earnings from continuing operations to $6,198 million and declared a fully franked 72 cents per share final dividend. Goldman Sachs was impressed. It commented: "ANZ reported 2H21 cash earnings (company basis) from continued operations of A$3,208 mn, which was up 37% on pcp and 11% ahead of GSe, with the beat driven by higher revenues and a lower BDD charge."
Fortescue Q1 update
The Fortescue Metals Group Limited (ASX: FMG) share price is edging higher today following the release of its first quarter update. Fortescue shipped 45.6 million tonnes of iron ore during the three months. This was up 3% on the prior corresponding period and a record for the first quarter. However, it also reported a 30% quarter on quarter reduction in average revenue per tonne to US$118. This represents revenue realisation of 73% of the average Platts 62% CFR Index, compared to 84% during the fourth quarter.
Coles sales update
The Coles Group Ltd (ASX: COL) share price is rising today after the release of its first quarter sales update. The supermarket operator reported a 1.5% increase in total sales to $9,756 million. This growth was driven by its Supermarket and Liquor businesses, which offset weakness in the Express business.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Thursday has been the Boral Limited (ASX: BLD) share price with a 5% gain. This follows the release of an update at its annual general meeting. The worst performer has been the Pointsbet Holdings Ltd (ASX: PBH) share price with an 11% decline following the release of its quarterly update.
