The Australian market has reversed yesterday?s losses to trade more than 1% higher after lunchtime today as the financials sector leads gains on the key index. Atomos is soaring 14.8% today after the video technology company released a positive trading update for the first half of the 2022 financial year. A spotlight on Australian Pharmaceutical Industries as shares in the leading Australian health care and beauty company are nosediving today after Woolworths withdrew its takeover offer after completing a comprehensive due diligence into API. McDonald?s is entering the swimwear market through a new collaboration with Budgy Smuggler for a limited-edition Macca?s swimwear line.
VIDEO: API nosedives on Woolworths withdrawal of takeover offer.
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