Stocks to watch on the Australian stock exchange on Monday:
AUN – AUSTAR UNITED COMMUNICATIONS LTD – down one cent at $1.05
Austar chief executive John Porter expects a difficult second half given the current consumer environment.
BHP – BHP BILLITON LTD – down 61 cents at $41.42
BHP Billiton has announced a $A254.24 million expansion of its manganese operations in the Northern Territory.
CBA – COMMONWEALTH BANK OF AUSTRALIA LTD – down 17 cents at $49.27
Commonwealth Bank says funds under administration at June 30 were $197 billion, down 1.3 percent for the quarter because of a higher Australian dollar and falls in investment markets.
FMG – FORTESCUE METALS GROUP – down 15 cents, or 2.32 per cent, at $6.31
Emerging miners and even some states could launch legal action to fight the Mineral Resource Rent Tax, Fortescue Metals Group executive director Andrew Forrest says.
FGL – FOSTER’S GROUP LTD – up seven cents at $5.05
Foster’s Group vows to keep iconic beers such as VB and Crown Lager as Australian brands for the next decade, but still hasn’t closed the door on takeover talks with London-based SABMiller.
FMG – FORTESCUE METALS GROUP LTD – down 15 cents at $6.31
Emerging miners and even some states could launch legal action to fight the Mineral Resource Rent Tax, Fortescue Metals Group executive director Andrew Forrest says.
MMX – MURCHISON METALS – up one cent at 77.5 cents
After a horror few months for Murchison Metals, the Pilbara iron ore miner has at least posted positive production and shipping results.
NZO – NEW ZEALAND OIL AND GAS LTD – up 1.5 cents, or 2.86 per cent, at 54 cents
New Zealand Oil and Gas reported $A26.78 million of operating revenue for the June quarter from its two offshore Taranaki developments, while for the year to June the figure was $A84.63 million.
ORG – ORIGIN ENERGY LTD – down eight cents at $14.69
Origin Energy has posted record full year production and sales revenues after boosting its results in the June quarter.
OST – ONESTEEL LTD – down 2.5 cents at $1.765
OneSteel says its Whyalla blast furnace has returned to normal operations following maintenance and modification work which will extend its design life beyond 2020.
QAN – QANTAS AIRWAYS LTD – down half a cent at $1.845
A senior pilot and a highly skilled engineer have been stood down by Qantas after they threatened to go on strike.
SCR – SCANDINAVIAN RESOURCES LTD – up four cents at 44 cents
Perth-based Scandinavian Resources has announced a dramatic jump in its Swedish iron ore resource from 200-250 million tonnes to 412.1 million tonnes.
SGH – SLATER & GORDON – down one cent at $2.37
NAB – NATIONAL AUSTRALIA BANK LTD – down 18 cents at $24.00
Law firm Slater & Gordon says it has settled the last of its Storm Financial client claims against the National Australia Bank (NAB).
WDC – WESTFIELD GROUP – down nine cents at $7.96
Westfield will manage the new shopping centre at New York’s World Trade Centre, as the company returns to the site after the terrorist attacks almost 10 years ago.
