Business
Why InvoCare, Nine, Telstra, & Wesfarmers shares are storming higher // Motley Fool Australia
In afternoon trade the S&P/ASX 200 Index (ASX: XJO) looks set to end its winning streak. At the time of writing, the benchmark index is down 0.3% to 6,431.8 points.
Four shares that are not letting that hold them back are listed below. Here’s why they are storming higher:
The InvoCare share price has climbed 3.5% to $11.91 after announcing two new acquisitions. The funerals company has entered into conditional sales agreements to acquire 100% of the shares of Family Pet Care and the business and assets of Pets in Peace for a combined price of $49.8 million. The acquisitions are forecast to deliver combined annual revenue of ~$19.3 million and be earnings per share accretive in the first full year of operation.
Nine…
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