ANZ Banking Group has further cemented its ambitious Asian expansion strategy by announcing it will invest an additional $A300 million to support business growth in China.

Following negative offshore leads the Australian share market opened lower and plateaued for the rest of the day closing 0.7 per cent down.

Beverages supplier Coca-Cola Amatil (CCA) expects a higher underlying profit in the first half of the 2012 calendar year, despite tough trading conditions.

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