Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.25% at lunch.
The TPG Telecom Ltd (ASX: TPM) share price is down 14.6% because the Australian Competition and Consumer Commission (ACCC) has raised concerns about the planned merger with Hutchison Telecommunications (Aus) Ltd (ASX: HTA), which is down 25%.
The share price of Telstra Corporation Ltd (ASX: TLS) is down 2.3% with investors worrying that an un-merged TPG would be a large low-cost competitor.
Shares of large mortgage broking business Mortgage Choice Limited (ASX: MOC) are down 5% because it has lowered guidance of its profit and home loan settlements in FY19.
The Sonic Healthcare Limited (ASX: SHL) share price is up 2%, the pathology business announced it has completed its institutional bookbuild to raise $600 million for its Aurora Diagnostics acquisition.
Shares of APA Group (ASX: APA) are down 1.6% with the CEO who has been there over a decade announced he would be retiring next year.
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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).