Coles Q3 update, Westpac settles class action, JB Hi-Fi loses its CEO

At lunch on Wednesday the S&P/ASX 200 Index (ASX: XJO) is back on form and storming higher. The benchmark index is currently up 0.5% to 7,072.3 points.

Here’s what is happening on the market today:

Westpac settles class action

The Westpac Banking Corp (ASX: WBC) share price is pushing higher today after releasing an update on a class action. According to the release, Westpac has settled a class action relating to premiums paid for certain insurance policies taken out with Westpac Life Insurance Services between 2011 and 2017. The banking giant advised that the settlement is capped at $30 million and remains subject…