4 investment stories you missed in the ASX200 this week

Here are 4 investment stories you may have missed from the ASX200 (ASX:XJO) this week.

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful this week. Here are four big stories you may have missed that affected the ASX 200 index:

Bellamy's Australia Ltd (ASX: BAL) rockets

Organic food and infant formula company Bellamy's saw its share price grow by nearly 15% over the week.

It is been an amazing run for Bellamy's, it is up 36% over the course of 2019 so far. If it gets the Chinese registration it needs it could go up even more.

InvoCare Limited (ASX: IVC) wants to raise money

The largest Australian funeral and cemetery company wants to raise up to $85 million to fund its renovation and regional acquisition strategies.

It will a combination of $20 million from a share purchase plan and a $65 million fully underwritten institutional placement.

Changing of the guard

In the S&P/ASX 100, IOOF Holdings Limited (ASX: IFL) has been replaced by Washington H. Soul Pattinson and Co. Ltd (ASX: SOL).

In the S&P/ASX 200, Infigen Energy Ltd (ASX: IFN) and Automotive Holdings Group Ltd (ASX: AHG) have been replaced by Pinnacle Investment Management Group Ltd (ASX: PNI) and Hub24 Ltd (ASX: HUB).

Coles Group Limited (ASX: COL) makes a deal with its hotels

Coles has made a $200 million deal for its hotels which will see Australian Venue Co run the hotels and get the economic benefit of that, whilst Coles will get the benefit of the roll-out of more liquor stores in Queensland.

There are 87 Spirit Hotels venues that will be operated by AVC, while Coles will retain 243 retail liquor stores in Queensland and 10 stores attached to Spirit Hotels venues in South Australia and Western Australia.

Motley Fool contributor Tristan Harrison owns shares of InvoCare Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Automotive Holdings Group Limited and InvoCare Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

woman talking on the phone and giving financial advice whilst analysing the stock market on the computer with a pen
Share Market News

How did your first quarter performance compare to Australian fund managers?

How did you measure up?

Read more »

A man working in the stock exchange.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A panel of four judges hold up cards all showing the perfect score of ten out of ten
Broker Notes

10 best shares to buy today in Australia

Analysts think these shares are among the best to buy now.

Read more »

A boy is excited because he won the computer game.
Share Market News

Telix: A masterclass in what this game is all about

Today's market darling reminds us why we love to invest. But is it too late?

Read more »

A happy youngster holds a giant bag of carrots at a supermarket fruit and vegie section, indicating savings made by buying in bulk.
Opinions

Are these the best US stocks to consider buying right now?

I think these stocks would do well in any portfolio today.

Read more »

Ten happy friends leaping in the air outdoors.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a great end to the week's trading today...

Read more »

Man putting a ballot into a voting box in Australia.
Share Market News

Federal election countdown: Potential implications for investors

Hear this expert's thoughts on whether the election matters for investors.

Read more »

A male investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Financial Shares

This leading broker just upgraded AMP shares to 'outperform'. Here's why

This top broker just turned bullish on AMP shares. But why?

Read more »