Banking enquiry weighs: Aus shares 0.6% lower at noon
30 Nov 2017 – Market at Midday: The Australian share market slipped at the open and after the announcement of a Royal Commission into the banking sector, financials copped a blow with CBA falling over 2 per cent. Aristocrat (ASX:ALL) lost over 4.8 per cent despite it announcing acquisition of Big Fish Games and stronger results. Tabcorp (ASX:TAH) shares are over 1 per cent higher after CrownBet agreed not to contend the proposed merger of Tabcorp and Tatts (ASX:TTS)
CBA (ASX:CBA) is willing to cooperate with the Royal Commission and OrotonGroup (ASX:ORL) has gone into voluntary administration.
Source: Finance News Network