In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a small gain. At the time of writing, the benchmark index is up 0.25% to 7,235.3 points.
Four ASX shares that are climbing more than most today are listed below. Here's why they are pushing higher:
Image source: Getty Images
Bendigo and Adelaide Bank Ltd (ASX: BEN)
The Bendigo and Adelaide Bank share price is up 4.5% to $9.68. Investors have been buying this regional bank's shares following the release of its half year results. The regional bank reported an 8.5% increase in revenue to and an 18.7% lift in cash earnings to $260.7 million for the six months. The latter was ahead of expectations. This allowed the bank to increase its fully franked interim dividend by 12.8% to 26.5 cents per share.
Crown Resorts Ltd (ASX: CWN)
The Crown share price is up 2% to $12.65. This morning the casino and resorts operator revealed that it has accepted an $8.9 billion takeover offer from Blackstone. Crown has accepted an offer of $13.10 cash per share. This represents a premium of ~32% to its undisturbed share price on 18 November.
JB Hi-Fi Limited (ASX: JBH)
The JB Hi-Fi share price is up 5.5% to $51.75. This follows the announcement of a $250 million share buyback with its half year results. In addition, management revealed that the second half has started strongly with solid sales growth being recorded by its key JB Hi-Fi Australia and The Good Guys businesses.
Newcrest Mining Ltd (ASX: NCM)
The Newcrest share price is up 4.5% to $23.72. Investors have been buying this gold miner's shares following increased demand for safe haven assets amid concerns over escalating tensions in Ukraine. It isn't just Newcrest rising today. The S&P/ASX All Ordinaries Gold index is up 5% this afternoon.
