PRE-MARKET AUSTRALIAN STOCK NEWS: PM Turnbull signaled tax cuts; Insurance Australia (IAG AT) is said to be planning a divestment of Asia assets and focus on the domestic market

ALQ (ALS AT)
- Co. H1 adj. net rose 18% to AUD 70mln. (Newswires)

ANZ Bank (ANZ AT)
- ASIC accepted enforceable undertakings from Co. and NAB (NAB AT) to address actions related to BBSW rigging. (Newswires)

GrainCorp (GNC AT)
- Co. FY17 net AUD 125.2mln vs. Prev. AUD 30.9mln Y/Y, Adj. net AUD 141.6mln vs. Exp. AUD 156mln. (Newswires)

Insurance Australia (IAG AT)
- Co. is said to be planning a divestment of Asia assets and focus on the domestic market. (The Australian)

Macquarie (MQG AT)
- Former Co. US executive is seeking USD 53mln from Macquarie Group and her former boss in a sexual harassment complaint. (AFR)

Oz Minerals (OZL AT)
- Co. extends Prominent Hill mine life to 2029. (Newswires)

Pepper Group (PEP AT)
- Federal Court gives approval for KKR purchase of the Co. (Newswires)

Telstra (TLS AT)
- Co. is offloading its stake in its Phonewords business. (AFR)

Other News
- Australian PM Turnbull flagged tax reductions in the lead-up to the next federal budget as he commented at a Business Council of Australia dinner that work on tax reductions had already begun. (Newswires)

20 Nov 2017 - 22:45- Research Sheet- Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include: