Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.18% at lunch.
The Adelaide Brighton Ltd. (ASX: ABC) share price has been crunched by 17.5% after it released a downgrade to its earnings expectations.
The negativity surrounding Adelaide Brighton has sent share prices of other construction companies down. For example the Boral Limited (ASX: BLD) share price is down 7.6% and the CSR Limited (ASX: CSR) share price is down 5.6%.
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UK bank CYBG Plc (ASX: CYB) has seen its share price drop by 9.6% after releasing its third quarter trading update showing a decline in its mortgage book.
The share price of Crown Resorts Ltd (ASX: CWN) has dropped another 1% after the casino company issued a response to junket operator allegations.
Shares of Rural Funds Group (ASX: RFF) are up 0.9% after the REIT announced a new lease for its Rewan cattle property with Australian Agricultural Company Ltd (ASX: AAC) – its share price is flat.
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Disclosure: Jaz owns shares of Rural Funds at the time of writing, but this could change at any time.
