News: Asciano strike called off

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The Asciano Ltd (ASX:AIO) strike has been called off according to a report by The Australian.



The Maritime Union of Australia called off the strikes at the Asciano-owned container terminals in Sydney, Brisbane and Fremantle.



Yesterday Asciano advised the market a week of strikes would cut full year earnings by up to $4 million.



It’s likely shares will rise today on the news.



Asciano’s first half profit grew by 18.7 per cent to $93.9 million in the six months to 31 December 2010.