The Slater & Gordon Limited (ASX: SGH) share price will be in focus today after the embattled law firm provided an update on its capital structure. Meanwhile, the broader market is set to fall at the opening bell, if the futures market is anything to go by, with the Sydney Futures Exchange pointing to an 8-point decline.
Here's a quick recap:
- FTSE 100 (UK): up 0.64%
- DAX (Germany): up 0.61%
- CAC 40 (France): up 0.56%
- Dow Jones (USA): down 0.07%
- NASDAQ (USA): down 0.01%
Slater & Gordon said it had been notified that in excess of 94% of its debt facility has traded from its original syndicate of par lenders to secondary debt buyers. It also noted that these new lenders had informed Slater & Gordon that they fully intend to implement a solvent restructure of the company.
The gold miners will be in focus again today following a solid run for the gold price. The St Barbara Ltd (ASX: SBM) share price was among the market's top performers on Thursday – and has been for much of the week – with a number of other gold miners also reaping the benefits.
Other resources businesses will also be in focus today after another strong gain for both iron ore and oil prices (which are likely benefiting from a weaker US dollar). BHP Billiton Limited (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG) and Santos Ltd (ASX: STO), amongst others, all soared on Thursday, so investors will be watching for further gains today.
Finally, the National Australia Bank Ltd. (ASX: NAB) share price will likely receive some attention after it dropped 2.4% on Thursday. The bank announced it would increase interest rates on its mortgage loans which may have contributed to its share price drop.
Before getting started on your day, be sure to check out these two articles:
