Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.20% at lunch. The Wesfarmers Ltd (ASX: WES) share price is up by 0.57% today with some market commentators suggesting it could open a Wesfarmers Bank, its rumoured target of Fletcher Building Limited (ASX: FBU) also just announced it would conduct a capital raising to improve its balance sheet.
AMP Limited (ASX: AMP) shares have dropped by 3.36% so far today after news came from the Royal Commission that the financial services company made numerous false statements to ASIC and that it did this deliberately not just because of an administration error. It was putting profit before clients according to evidence heard in the Royal Commission.
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