PFL - Patties Foods News Story
A$1.68 0.0 0.0%
Last Trade -
| Market Cap | £130.2m |
| Enterprise Value | £163.8m |
| Revenue | £136.4m |
| Position in Universe | th / 1904 |
Australia shares near 9-mth peak, NZ stocks scales all-time high
Mon 30th May, 2016 5:37am
By Cecile Lefort and Charlotte Greenfield
SYDNEY/WELLINGTON, May 30 (Reuters) - Australian shares held
near nine-month peaks on Monday, as a rebound in oil prices
offset weakness in the mining sector, while New Zealand stocks
scaled a record high, putting both indices on track for a 3
percent monthly gain.
The S&P/ASX 200 index .AXJO edged up 0.1 percent or 4
points to 5,410 by 2:29 pm (0429 GMT), not far from an August
2014 peak of 5,427.7 touched on Friday. The benchmark has leapt
3 percent so far in May in the third consecutive month of gain.
Energy firms marked sizable gains as oil prices CLc1 held
near 8-month peaks. Shares in LNG LNG.AX and WorleyParsons
WOR.AX rose nearly 5 percent each, while Santos STO.AX added
1.3 percent.
Cleaning company Spotless Group Holdings SPO.AX jumped 6.2
percent after it reaffirmed its earnings forecast and announced
it may be selling its laundry business.
Australian packaged food supplier Patties Foods Ltd PFL.AX
exploded 17 percent higher to reach a three-year peak after
receiving a A$230 million ($165 million) takeover bid from
private equity firm Pacific Equity Partners (PEP). urn:newsml:reuters.com:*:nL4N18Q0PX
On the negative ledger, miners struggled as gold prices
shaved 1 percent after comments by Federal Reserve Chair Janet
Yellen reinforced expectations of a U.S. interest rate hike.
BHP Billiton BHP.AX fell 0.4 percent, while fellow global
miner Newcrest NCM.AX shed 2.3 percent.
Banks also came under pressure with Commonwealth Bank of
Australia CBA.AX off 1 percent, while Australia & New Zealand
Bank ANZ.AX , National Australia Bank NAB.AX and Westpac Bank
WBC.AX shed around 0.21 percent.
For more individual stocks activity click on STXBZ
New Zealand's benchmark S&P/NZX 50 index .NZ50 scaled a
fresh all-time high. It added 0.4 percent or 26.2 points to
7,018.82 with the index having jumped 11 percent so far this
year.
The biggest gainers were Air New Zealand
Recent news on Patties Foods
See all news
