Better than expected reports: Aus shares recover, 0.9% up at noon
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15 Feb 2018 - Market at Midday: The Australian share market rose at the open, recovering from yesterday’s losses on the back of postive leads, while some better than expected company results keep the market buoyed. Suncorp Group Limited (ASX:SUN) has seen its net profits after tax slide over the six months to December end, falling about 16 per cent to $452 million. Oil and gas company, Oil Search (ASX:OSH) has completed the US$400 million purchase of its interest in Alaska North Slope and its shares gain. Trend unemployment rate for January remained steady. The three most traded cryptocurrencies trade higher.
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SUMMARY
15 Feb 2018 - Market at Midday: The Australian share market rose at the open, recovering from yesterday’s losses on the back of postive leads, while some better than expected company results keep the market buoyed. Suncorp Group Limited (ASX:SUN) has seen its net profits after tax slide over the six months to December end, falling about 16 per cent to $452 million. Oil and gas company, Oil Search (ASX:OSH) has completed the US$400 million purchase of its interest in Alaska North Slope and its shares gain. Trend unemployment rate for January remained steady. The three most traded cryptocurrencies trade higher.
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