The Asciano Ltd (ASX:AIO) strike has been called off according to a report by The Australian.
The Maritime Union of Australia called off the strikes at the Asciano-owned container terminals in Sydney, Brisbane and Fremantle.
Yesterday Asciano advised the market a week of strikes would cut full year earnings by up to $4 million.
It’s likely shares will rise today on the news.
Asciano’s first half profit grew by 18.7 per cent to $93.9 million in the six months to 31 December 2010.
