Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Friday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.04% to 6,116.20
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.01% to 6,216.40
- AUD/USD at US 75 cents
- Gold at US$1,315.55 an ounce
- Brent Oil at US$77.30 a barrel
Pet service company Greencross Limited (ASX: GXL) recovered some of its lost ground today after announcing a number of impairments and provisions. The share price rose 6.7%.
Things aren’t looking any better for financial firm AMP Limited (ASX: AMP) after investors fretted about its future if some of the advisors leave. The share price fell 5.8% today.
Link Administration Holdings Ltd (ASX: LNK) shares fell by 3.6% today after investors reacted to the news that small inactive super account balances would be administered by the ATO, which means Link may lose some account fees.
The IOOF Holdings Limited’s (ASX: IFL) share price has dropped by 4.7% as the market worried about what effect the Royal Commission may have on the financial planning segment of the business.
Here are some of today’s top stories:
- Think long term: Why Buffett beats the Budget
- REA Group Limited (ASX:REA) reports revenue growth of 19%
- Why the News Corp share price is climbing higher despite a $1.5 billion loss
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Motley Fool contributor Tristan Harrison owns shares of Greencross Limited. The Motley Fool Australia owns shares of and has recommended Greencross Limited. The Motley Fool Australia has recommended REA Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.