At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a subdued note. The benchmark index is down 0.2% to 7,043.3 points.
Here’s what has been happening on the market today:
Origin guidance downgrade
The Origin Energy Ltd (ASX: ORG) share price is sinking today after downgrading its earnings guidance for FY 2021. The energy company made the move due to an adverse and unexpected outcome on a domestic gas contract price review and continued headwinds in energy markets’ operating conditions. Origin now expects its energy markets division to post a 30% to 35% decline in operating earnings in…