Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.09% at lunch.

The Westpac Banking Corp (ASX: WBC) share price is up 0.4% after the major ASX bank announced a reset for its wealth division with a major restructuring.


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Shares of global logistics software business WiseTech Global Ltd (ASX: WTC) have gone into a trading halt with the company announcing a capital raising of at least $250 million to continue its growth strategy.

TPG Telecom Ltd (ASX: TPM) shares are up 0.6% with the telecommunications company revealing its half year result showing a significant hit to statutory earnings due to the writedown of its 5G mobile roll-out. However, underlying earnings registered a slight improvement. The dividend was maintained at 2 cents per share.

The Xenith IP Group Ltd (ASX: XIP) share price is down nearly 2% with the law company’s Board labelling the IPH Ltd (ASX: IPH) takeover bid as “not a Superior Proposal”.

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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).