Australian steelmaker BlueScope Steel Ltd, a potential takeover target, predicts a stronger second half of the year following better-than-expected first-half profits. The company reported a net profit after tax of $475.1 million for the six months to December 31, beating analyst estimates. BlueScope’s shares rose 1.2% on the news.

Read more at Investing.com: Australian takeover target BlueScope sees stronger 2H; 1H profit beats estimate