Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.30% at lunch.
The Wesfarmers Ltd (ASX: WES) share price is currently down 2.5%, the retail conglomerate reported that Kmart & Target sales barely increased, but its balance sheet is in a good position going into 2019.
Shares of Australia and New Zealand Banking Group (ASX: ANZ) have risen the most among the big banks, it’s up 0.9% on news that the major banks are lobbying APRA to reconsider forcing them to raise money through Tier II bonds.
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Retail Food Group Limited (ASX: RFG) shares are up 11.9% after the under-pressure fast food franchisor confirmed it is considering selling Crust Gourmet Pizzas to reduce its debt.
The Capitol Health Ltd (ASX: CAJ) share price is down nearly 2% with the healthcare business acquiring a radiology network business in Melbourne for $8.1 million cash upfront. There are clinics located in Frankston, Dandenong, Boronia and Carlton.
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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).