Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.50% at lunch.
The blue chip business that has gained the most by lunch is Telstra Corporation Ltd (ASX: TLS), its share price is nearly 2% on media reports that the Labor party could decide to write-down the value of the NBN, allowing the NBN to charge lower prices to telcos and then telcos like Telstra could charge lower prices to customers.
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The Commonwealth Bank of Australia (ASX: CBA) share price is up 1% in anticipation of the release of the Royal Commission report. However, this morning ASIC announced it has banned Commonwealth Financial Planning from charging or receiving ongoing service fees from its customers and the CBA division is also not to enter into any new ongoing service arrangements with customers.
Shares of construction business Boral Limited (ASX: BLD) are down nearly 8% so far due to giving the market new profit guidance for the FY19 year.
Ship-builder Austal Limited (ASX: ASB) upgraded revenue expectations for its half year result, which caused the share price to rise 7.5%.
Listed investment company (LIC) Argo Investments Limited (ASX: ARG) has reported its half year result to December 2018 and increased the dividend for its shareholders.
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