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ALL ORDINARIES Index Down, DuluxGroup (ASX:DLX) Share Price Goes Bananas

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.37% at lunch.

The DuluxGroup Limited (ASX: DLX) share price has jumped 26.7% in response to a takeover approach by Nippon Paint, the DuluxGroup Board have recommended the deal to shareholders.

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Challenger Ltd (ASX: CGF) shares have declined around 6% in response to the annuity company’s underwhelming third quarter update.

The share price of BHP Group Ltd (ASX: BHP) is down 2% after the resources giant revealed its March 2019 quarter report to investors.

Shares of Australian Pharmaceutical Industries Ltd (ASX: API) are up 0.3% after the pharmacy business announced its half year result.

The Brambles Limited (ASX: BXB) share price is up almost 1% in response to the logistic giant’s March 2019 quarter trading update.

Helloworld Travel Ltd (ASX: HLO) shares are up 10% due to the travel business’ trading update for the nine months to March 2019 which showed a 8% rise in revenue to $260.5 million.

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Disclosure: Jaz owns shares of Challenger at the time of writing, but this could change at any time. 

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