Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.18% at lunch. The Woolworths Group Ltd (ASX: WOW) share price is up 1.18% this morning after Coles announced its quarterly sales.
The Wesfarmers Ltd (ASX: WES) share price is down 0.44% so far after revealing its quarterly sales. Bunnings Australia & New Zealand and Kmart delivered growth of around 10%, Coles sales increased by 0.3%, Target’s sales were down 2% and Officeworks sales increased by 8.8%.
Private hospital business Healthscope Ltd (ASX: HSO) jumped 13% after announcing it had received a takeover offer from AustralianSuper and other investors. The offer will have to go through a number of conditions before it can potentially be accepted.
The shares of gold miner Newcrest Mining Limited (ASX: NCM) are up 0.53% after releasing its quarterly result.
Westpac Banking Corp (ASX: WBC) is down 2.45% after the Australian Prudential Regulation Authority (APRA) announced it would end the cap on investor loan growth, UBS has slashes its ‘price target’ for the oldest bank.
Did you know it’s free to join The Rask Group’s Investor Club Newsletter? It’s a regular (usually weekly) news and educational update on financial markets, investing and unique strategies. Join today and get ready to laugh and learn.
Click here to join The Rask Group’s Investor Club Newsletter Today
Hey, you, read this disclaimer: This article contains information only. It is not financial advice. It is no substitute for trusted and licensed financial advice and should not be relied upon. By using our website you agree to our Code of Ethics, Disclaimer & Terms of Use and Privacy Policy. Also, don’t forget, past performance is not a reliable indicator of future performance.
