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ASX 200 falls from record high; PWR drops 30pc; Amcor, Berry merger; Pinnacle raise; Nick Scali profit warning

EV volatility erodes profit at auto group PWR Holdings. Analysts unpack Amcor's $13bn Berry buy. Pinnacle to raise $425m. Freight issue risks Nick Scali profit. Super funds on track for healthy return.

Corporate deal-making and investor updates are likely to keep punters busy. Picture: Gaye Gerard
Corporate deal-making and investor updates are likely to keep punters busy. Picture: Gaye Gerard

Welcome to the Trading Day blog for Wednesday, November 20. The ASX 200 index is down 0.4 per cent to 8343.80 points at 12.15pm AEDT - moving firmly on from its record close on Tuesday. US futures rise slightly.

The Aussie dollar is trading around US65.29c.

Originally published as ASX 200 falls from record high; PWR drops 30pc; Amcor, Berry merger; Pinnacle raise; Nick Scali profit warning

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Original URL: https://www.thechronicle.com.au/business/companies/asx-200-may-open-flat-amcors-13bn-berry-buy-agms-at-downer-edi-northern-star/live-coverage/bb66ad04e5cb1ee05c34969d47dc54b9