Adelaide Brighton Limited

Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for July 25, 2016. Featured stocks include Austal Limited, Downer EDI Limited, Adelaide Brighton Limited, Mirvac Group and REA Group Limited.

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) wishes to announce a number of changes to the Board and leadership team.

The Australian sharemarket fell on Thursday as investors digested some mixed earnings results. Investors also managed to take profit for the market after two days gains. At the close, the benchmark S&P/ASX 200 index lost 13 points, or 0.28 per cent, to 4654.9, while the broader All Ordinaries index gave up 12.9 points, or 0.28 per cent to 4673.9.

Yesterday the Australian share market ended slightly lower dragged by financial stocks. The benchmark S&P/ASX200 was down 10.7 points, or 0.28 per cent, at 3813.9, while the broader All Ordinaries had lost 4.2 points, or 0.11 per cent, to 3804.7.

Yesterday Australian market was marginally higher, boosted by rally overseas. The benchmark S&P/ASX200 gained 7.4 points, or 0.19 per cent, at 3890.4, while the broader All Ordinaries rose 16.2 points, or 0.42 per cent, to 3862.2.

Adelaide Brighton Ltd (ASX: ABC) announced today that it has acquired a 50% share of Mawsons, a concrete and quarry business operating in regional Victoria and southern New South Wales. Mawsons is the largest independent ready mixed concrete and quarry operator in the region, generally holding leading market positions in markets served.