Coles abandons Greencross takeover, ASX falls amid global tech rout | Finance Report | ABC NEWS

Supermarket giant Coles has abandoned plans to acquire Greencross' veterinary clinics and pet businesses after an investor backlash. Banks and miners weighed on the Australian share market, while tech and artificial intelligence stocks — across Wall Street and Asia — fell sharply on concerns about overspending and potential AI bubbles.
Presented by David Chau.

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Read more here: https://www.abc.net.au/news/2026-07-17/asx-markets-business-live-news-july-17-2026/106925980

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