Stocks of the Hour: Origin Energy, nib, Domino's & Growthpoint Properties

Company News

by Lauren Evans

Origin Energy (ASX:ORG) plans to invest an additional $70 million (£38 million) in the UK start-up Octopus. Generation investment management acquired a 7 per cent stake while the move was designed to hold Origin's 20 per cent stake. Shares in Origin Energy (ASX:ORG) are trading 4.7 per cent higher at $4.72.

Health insurer nib (ASX: NHF) has put a hold on travel insurance to Australian and New Zealand residents as travel restrictions still linger. nib said the pause has no impact on current travellers and travel insurance already purchased before 5 October. Shares in nib (ASX:NHF) are trading 0.6 per cent higher at $6.91.

Domino's (ASX:DMP) has shaken up its regional leadership team, following the resignation of ANZ CEO Nick Knight. Netherlands chief operating officer, David Burness will take his place. Domino's will also introduce "twin-region" structure, to focus on opportunities in Europe and the Asia-Pacific. Shares in Domino's Pizza (ASX:DMP) are trading 2.1 per cent lower at $155.41.

Growthpoint Properties (ASX:GOZ) is set to invest over $50 million into APN Industria REIT (ASX:ADI) in order to maintain its 14.5 per cent stake. Growthpoint plans to acquire 14.74 million shares at $3.45 per share, while using existing debt facilities to fund the acquisition. Shares in Growthpoint Properties Australia (ASX:GOZ) are trading 2.4 per cent lower at $4.13.

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