ALL ORDINARIES Index Lower As Telstra (TLS) Hits The Brakes
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.11% at lunch.
The Telstra Corporation Ltd (ASX: TLS) share price has fallen by a further 3.3% after saying that it would only hit the lowest number of its profit range guidance.
Automotive Holdings Group Ltd (ASX: AHG) shares have fallen 10% after the company said it was trading in challenging conditions.
Link Administration Holdings Ltd (ASX: LNK) is up nearly 7% after updating the market saying that the revenue impact of the Budget measure would be around $55 million, however the company has identified a couple of factors that could mitigate this.
Cloud accounting provider Xero Limited (ASX: XRO) is down 1.4% after Microsoft, KPMG and Commonwealth Bank of Australia (ASX: CBA) announced that they would be launching their own accounting software system.
The GWA Group Ltd (ASX: GWA) share price has gone down 5.7% after rising earlier due to selling its door business.
Ruralco Holdings Ltd (ASX: RHL) is up 2.9% after reporting its profit jumped.
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