The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful this week. Here are four big stories you may have missed that affected the ASX 200 index:
Commonwealth Bank of Australia (ASX: CBA) delays wealth demerger
Commonwealth Bank had been on track to demerge its wealth management and mortgage broking businesses.
Whilst the bank said it is prioritising the implementation of the Royal Commission recommendations, refunding customers and remediating past issues, CBA has suspended its demerging process in order to support the focus on those priorities.
Kogan.Com Ltd (ASX: KGN) takes on Amazon
Aussie online retail Kogan.Com has launched Kogan Marketplace, a place where over 100,000 products are sold from a wide array of third party brands including Microsoft, Breville Group Ltd (ASX: BRG), Lego, Fisher-Price, Paw Patrol, SodaStream, Gillette, Gucci, and Philips.
This news sent the Kogan.Com share price higher 4% by the end of the week.
The latest goings on with Brexit is causing a lot of confusion for the rest of the world, particularly in Europe.
There aren’t many ASX shares that have a large exposure to the UK. However, two that are exposed to the UK finished higher with a no-deal result seeming perhaps less likely. CYBG Plc (ASX: CYB) shares rose 5.2% over the week and Ramsay Health Care Limited (ASX: RHC) shares went up 3%.
Golden opportunity for Newcrest Mining Limited (ASX: NCM)?
Newcrest has entered into an exploration farm-in agreement that creates a joint venture with Greatland Gold plc on the Havieron tenement, located in WA. Newcrest will be the manager of the exploration program.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Kogan.com ltd and Ramsay Health Care 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.