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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