The benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has continued its strong run and is up 0.5% to 6,012.9 points in afternoon trade.
Four shares that are climbing more than most today are listed below. Here's why they are pushing higher:
The Australia and New Zealand Banking Group (ASX: ANZ) share price has climbed 2% higher to $27.35 after the banking giant released its first-half result. According to the release, ANZ Bank achieved a 4.1% increase in underlying cash profit to $3.49 billion for the six months ending March 31. While this was ahead of the market's expectations, its 80 cents per share interim dividend was in line with forecasts.
The IOOF Holdings Limited (ASX: IFL) share price has pushed over 4% higher to $9.35. The market has responded positively after ANZ Bank reported a better than expected performance from the Wealth Management division that IOOF will soon take control of. This looks to have been a good business decision by IOOF Holdings.
The Mineral Deposits Limited (ASX: MDL) share price has climbed 9% to $1.61. Last week the mineral sands producer announced that it has received an unsolicited $1.46 cash per share takeover offer from ERAMET. Since then speculation has emerged that there could be another suitor ready to make an offer for Mineral Deposits. This speculation has not yet been confirmed by management, so investors ought to approach it with caution.
The WiseTech Global Ltd (ASX: WTC) share price is up 4% to $10.44 after the logistics platform provider upgraded its full-year revenue guidance ahead of its presentation at the Macquarie Australia conference. According to the release, management has upgraded its FY 2018 revenue guidance to the range of $210 million to $220 million, subject to currency movements. This represents year-on-year growth of between 37% and 43%. Previous guidance given at the end of the first-half was for revenue of between $207 million and $217 million.
