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ALL ORDINARIES Index Up, Telstra Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.36% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.36% at lunch.

The Commonwealth Bank of Australia (ASX: CBA) share price is down almost 3% this morning after reporting its quarterly profit was lower than the last two quarters and its home loan arrears are rising.

Pet company Greencross Limited’s (ASX: GXL) share price has fallen by over 18% so far after announcing several provisions and impairments to its FY18 result.

The Challenger Ltd (ASX: CGF) share price is up 4.4% after announcing it supports the new framework for retirement income.

Aged care provider Regis Healthcare Ltd (ASX: REG) is down nearly 4% after Treasurer Scott Morrison announced more funding for elderly people to be cared for in their own homes.

Construction company CSR Limited (ASX: CSR) is up 1.4% after revealing its result this morning.

UK bank CYBG PLC/IDR UNRESTR (ASX: CYB, or CYBG Plc, is up another 6.35% after announcing its intention to take over Virgin Money in the UK.

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