ASX 200 edges up; Woodside, Coles lift on earnings beats; Johns Lyng tanks; Adbri up on $2bn CRH buyout
Woodside cuts dividend on profit drop. Coles boss says customers worried, but defends profit. Johns Lyng tanks despite upgrade. Adbri up on CRH buyout deal. Citic 'assessing' Alcoa's Alumina bid.
Welcome to the Trading Day blog for Tuesday, February 27. After falling as much as 0.6 per cent, the ASX 200 index recovered to close up 0.1 per cent to 7663 points, as iron ore heavyweights BHP and Rio Tinto gained.
The Aussie dollar is trading around US65.37c.
More Coverage
ASX 200 down as NAB, Santos, MinRes hit
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes' big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.