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ALL ORDINARIES Index Up, Coles (ASX:COL) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.39% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.39% at lunch.

The Coles Group Limited (ASX: COL) share price is leading the ASX blue chips, its share price is 1.87% higher so far.

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Shares of Sims Metal Management Ltd (ASX: SGM) are down 14.4% with the company admitting that the international economic turmoil was having an impact, with it downgrading its earnings expectations.

The Australian Foundation Investment Co.Ltd. (ASX: AFI) share price is 0.8% higher after the listed investment company (LIC) announced it would pay a special dividend of 8 cents per share after reporting its half year result.

Healthscope Ltd (ASX: HSO) shares are 0.2% higher, the private hospital operator told the market how the potential takeover bid from Brookfield is progressing.

The share price of Treasury Wine Estates Ltd (ASX: TWE) is up 0.33% after announcing its Chief Operating Officer (COO) Robert Foye had breached its internal policies, so he has left the company “effective immediately”.

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