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ALL ORDINARIES Down, Coles (ASX:COL) Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.54% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.54% at lunch.

The Coles Group Limited (ASX: COL) share price is down 0.7% in morning trading with the supermarket business announcing it was essentially selling the management rights and profit of its hotels business for $200 million to Australian Venues Co.

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Crown Resort Ltd (ASX: CWN) shares are down 0.3% after announcing that it did not receive a construction commencement extension from the Victorian Government.

The Commonwealth Bank of Australia (ASX: CBA) share price is down 0.24% with the bank potentially facing a lawsuit from the corporate regulator ASIC.

Telstra Corporation Ltd (ASX: TLS) shares are flat after being down this morning with investors considering what the telco’s new loyalty plan may mean for the business.

The share price of Metcash Limited (ASX: MTS) is up another 3.75% so far with investors responding to the company’s trading update and strategy update.

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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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