ALL ORDINARIES Index Down, Coles (ASX:COL) Shares Drop


Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.12% at lunch.

The Coles Group Limited (ASX: COL) share price is down 2.66% at lunch. There are worries that Amazon may be getting better prices for products from suppliers and can therefore offer lower retail prices. The Woolworths Group Ltd (ASX: WOW) share price is also down 1.8%.

Shares of local Coke business Coca-Cola Amatil Ltd (ASX: CCL) is down nearly 11%. It’s holding its AGM today and said that SPC will record a full year loss of around $10 million.

Packaging and display business Orora Ltd (ASX: ORA) has seen its share price rise 2.76% because it’s acquiring Pollack Packaging for US$80.5 million which is a sizeable player in the US.

Gambling machine maker and social gaming business Aristocrat Leisure Limited (ASX: ALL) shares are down 5.5% after announcing its 2018 financial result yesterday showing that profit was up almost 25% and the dividend grew by 35%.

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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).

Jaz Harrison

Jaz Harrison

Jaz is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.