Positive start to the week: Aus shares close 0.31% higher

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Positive start to the week: Aus shares close 0.31% higher

14 May 2018 – Australian supplier of building fixtures and fittings GWA Group (ASX:GWA) announced the sale of its door and access systems business to Allegion for $107 million. The sale is expected to be completed shortly after GWA’s FY18 year-end, subject to normal conditions.
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Mercury NZ snaps up 19.99% in Tilt Renewables

14 May 2018 – Mercury NZ (ASX:MCY) has inked a deal with Tauranga Electricty Consumer Trust to acquire a 19.99 per cent stake in Tilt Renewables.
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Downer awarded $150M contract by First Solar

14 May 2018 – Downer EDI (ASX:DOW) has been awarded a $150 million dollar contract by First Solar for the Beryl Solar farm.
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Wall Street mixed on Friday: Aus shares to open flat

14 May 2018 – Australian shares look set to open flat this morning following a mixed session on Wall Street on Friday. President Trump pledged to lower drug prices which saw health care stocks plummet initially, but they bounced back and ended up leading gains. OZ Minerals (ASX:OZL) has announced that Avanco Resources largest shareholder, Appian Natural Resources has now formally accepted OZ Minerals takeover offer.
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CBA’s cash net profit down 2% 3Q18

09 May 2018 – The Commonwealth Bank (ASX:CBA) has announced its cash net profit fell by 2 per cent on a reported basis and dropped by 9 per cent on an underlying basis for the 3rd quarter of 2018.
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