China factory woes hold back ASX gains

In the main, investors were focused on the swag of results delivered on one of the busiest days of August company reporting season. "In general, the theme of this reporting season is companies are delivering results in line with guidance and demonstrating optimism about the economic outlook for the year ahead by lifting dividends, or announcing special payouts or buybacks" Totus Capital portfolio manager Ben McGarry said.

Shares slumped following the surprise resignation of chief executive Jack Lord as the company revealed a 1. 9 per cent drop in full-year net profit. 4 Billionaire Gerry Harvey reveals the fantasy behind … 5 News Corp threatens ‘action’ over leaked …

Read more here: SMH


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