|Bid||16.30 x 0|
|Ask||16.32 x 0|
|Day's Range||16.30 - 16.49|
|52 Week Range||11.12 - 16.69|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||15.15|
|Earnings Date||Feb 18, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.05|
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The FTSE 100 added 0.3 percent, lagging behind European peers as Brexit uncertainties kept a lid on gains, while the FTSE 250 firmed by 0.5 percent. After British lawmakers on Monday wrested control of the parliamentary agenda from the government for a day in the hope of breaking the Brexit deadlock, two eurosceptic MPs indicated they might support Prime Minister Theresa May's EU divorce deal rather than risk parliament cancelling the exit.
British online supermarket pioneer Ocado has signed a partnership agreement with Australia's Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. The latest deal, which will see Ocado's technology and software develop the Coles Online grocery business in Australia, sent Ocado's shares up as much as 6 percent in London on Tuesday to a record high. Coles shares closed up 2.2 percent.
European shares were subdued on Tuesday after four days of losses amid concerns about a softening global economy and uncertainty over Britain's exit from the European Union. Investors' concern over the health of global economy intensified on Friday after disappointing German and U.S. factory data that led to an inversion of the U.S. Treasury yield curve, which some see as a leading indicator of recession. On Tuesday, U.S. 10-year Treasury yields recovered slightly from 2017 lows hit in the previous session.
Australian retail-to-chemicals conglomerate Wesfarmers Ltd said on Tuesday that it had made a bid to acquire niche rare earths miner Lynas Corp Ltd for A$1.50 billion ($1.07 billion) in cash. For Wesfarmers, the deal opens up a strategic play on a struggling niche producer with an asset in its homebase of Western Australia, and which is the world's sole producer outside China of the rare earths needed in everything from electric vehicles to iphones.
Australia's economy slowed sharply in the second half of last year as consumers shut their wallets and housing construction pulled back, data showed on Wednesday, sending the local currency to a two-month trough. The gross domestic product (GDP) figures showed the economy expanded 0.2 percent in the fourth quarter, slower than the 0.3 percent increase economists had forecast in a Reuters poll. The data also raises questions over whether the country's recession-free run of 27 years is losing steam and threatens re-election prospects for Australia's centre-right government, which has been pitching "jobs and growth" as its key economic mantra.
Grocery chain Coles Group Ltd said on Tuesday it will establish a joint venture with KKR -owned Australian Venue Co Ltd (AVC) for the management of Coles' gaming and hotels business. The joint venture, named Queensland Venue Co, will be owned equally by Coles and AVC, Coles said in a statement.
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