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ALL ORDINARIES Index Down, Coles (ASX:COL) Shares Rise

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.11% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.11% at lunch.

Despite the overall market being down, Coles Group Limited (ASX: COL) shares are up early 2%.

The share price of natural beauty business BWX Limited (ASX: BWX) has fallen 39% after downgrading its profit expectations for FY19. The Sukin owner is now only expecting EBITDA to be between $27 million to $32 million in FY19.

Shares of Sydney Airport Holdings Ltd (ASX: SYD) are down by 0.4% after revealing more international growth in its November 2018 update.

Propel Funeral Partners Ltd (ASX: PFP) shares are up 0.8%, the funeral business said that the death rate in Australia was down compared to last year. This also sent the InvoCare Limited (ASX: IVC) share price down by 5.7%.

The Myob Group Ltd (ASX: MYO) share price is down by 11% at lunch, the accounting software business said that after KKR had done its due diligence after its preliminary takeover offer, it has decided to revise its offer down to $3.40 per share. But, the share price has fallen to $3.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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