The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to retreat further today. After falling around 7 points on Monday, the futures market is pointing to another 22-point decline this morning.
Here's a quick recap:
- FTSE 100 (UK): down 0.24%
- DAX (Germany): down 0.4%
- CAC 40 (France): down 0.73%
- Dow Jones (USA): up 0.07%
- NASDAQ (USA): up 0.1%
The Tower Limited (Australia) (ASX: TWR) share price is likely to come under pressure today. The company's New Zealand-listed shares are trading nearly 16% lower at the time of writing after the company reported its full-year results (a loss after tax of $8 million) and a capital raising.
Ruralco Holdings Ltd (ASX: RHL) reported its full-year results to the market, as well, with revenue rising 2% and underlying net profit after tax up 95% to $26.2 million.
And Incitec Pivot Ltd (ASX: IPL) reported a 17% increase in earnings before interest and tax (EBIT) to $501.2 million, while net profit rose 8% to $318.7 million.
Meanwhile, Sirtex Medical Limited (ASX: SRX) provided a trading update for the first quarter of financial year 2018, saying that worldwide dose sales were flat versus the pror corresponding period. Reported sales revenue for the period was down 4.8%, partially due to currency headwinds, although its unaudited constant currency profit before tax was up 11.3%.
