asx:lnk

ASX hits new record, ING shocks analysts, Tabcorp offer formalised  The ASX200 (ASX: XJO) hit another record high on Friday, finishing the day 1.2% higher and taking the weekly gain to 2.1%. The records fell as the banking and materials sectors combined to deliver gains. Commonwealth Bank of Australia (ASX: CBA) gained 1.6% on Friday and both BHP Group Ltd (ASX: BHP)…

Markets rally on weak inflation data, Link deal pulled, JB Hi-Fi CEO stepping down  The ASX200 (ASX:XJO) managed to deliver another 0.4% gain with the materials sector the only detractor falling 1.0%. The fall came despite the iron ore price hitting a record of US$193, marking a long recovery from the US$50 lows of 2015. JB HiFi (ASX:JBH) was among…

It was a mixed day for the market, the ASX 200 (ASX:XJO) finished 0.2% higher despite trading up as much as 0.8% during the day.

Pandemic tailwind to flow into 2021 for Woolies Woolworths Ltd (ASX:WOW) delivered a weaker than expected result, despite a 6% increase in revenue to $63.6 billion for the financial year. Net profit fell to $1.166 billion with the biggest hit coming from the mothballed Hotels division. Sales revenue improved across the board with Australian and…