Two major acquisitions this week and positive news from Telstra and Myer. Scott takes a look.
The post Acquisitions for Wesfarmers and Domain, Telstra plans to grow and Myer back in profit. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia. –
Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Thursday night to discuss Wesfarmers Ltd‘s (ASX: WES) acquisition of Australian Pharmaceutical Industries Ltd (ASX: API) and Domain Holdings Australia Ltd‘s (ASX:DHG) acquisition of a property data business, plus Telstra Corporation Ltd’s (ASX: TLS) ambitious new growth plans, and Myer Holdings Ltd’s (ASX: MYR) return to second-half profitability for the first time since 2017.
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Motley Fool contributor Scott Phillips owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.