Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.49% at lunch.
The Metcash Limited (ASX: MTS) share price is down 9.21% after reporting its FY19 result to investors and announcing a dividend.
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The share price of Australia and New Zealand Banking Group (ASX: ANZ) is down 0.1% as investors learned that its New Zealand subsidiary would be subject to independent reviews.
The share prices of AP Eagers Ltd (ASX: APE) and Automotive Holdings Group Ltd (ASX: AHG) are down 2.75% and 2% respectively as the ACCC raised some preliminary concerns about the potential merger, particularly in a region in Newcastle.
Viva Energy Group Ltd (ASX: VEA) shares are flat as the petrol business provided an unaudited guidance update for the first half of its FY19. Underlying profit is expected to be between $60 million to $80 million.
Shares of Kogan.com Ltd (ASX: KGN) are down 1.2% and Meridian Energy Ltd (ASX: MEZ) shares are down 2.2% in reaction to the two businesses launching Kogan Energy.
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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).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.