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Why Ansell, GQG, Mayne Pharma, and Star shares are charging higher today

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  • 🞛 This publication is a summary or evaluation of another publication
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These shares are starting the week on a positive note. But why? The post Why Ansell, GQG, Mayne Pharma, and Star shares are charging higher today appeared first on The Motley Fool Australia.
The article from MSN Money discusses the recent surge in share prices for several companies listed on the ASX. Ansell saw a 10% increase in its share price after reporting a 10% rise in first-half profit to $138.6 million, despite a slight revenue drop, due to improved gross margins and cost management. GQG Partners experienced a 6% jump in its stock value following a 15% increase in its funds under management to $US136.3 billion, driven by strong investment performance and new client acquisitions. Mayne Pharma shares rose by 12% after announcing a significant 130% increase in net profit after tax to $11.5 million for the first half, attributed to a 16% revenue growth and a strategic focus on women's health. Lastly, The Star Entertainment Group shares climbed 10% after receiving a $1.1 billion takeover offer from Hard Rock Hotels & Resorts, which, although non-binding, has sparked investor interest in the potential deal.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-ansell-gqg-mayne-pharma-and-star-shares-are-charging-higher-today/ar-AA1yIgko ]