News from AAP

Stocks to watch at noon on Tuesday

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Stocks to watch on the Australian stock exchange at noon on Tuesday:

ALZ – AUSTRALAND PROPERTY GROUP – up five cents, or 1.46 per cent, at $3.47

Property developer Australand has confirmed several companies are interested in buying all or part of its business.

DLX – DULUXGROUP LTD – up 5.5 cents, or 1.34 per cent, at $4.145

TLS – TELSTRA CORPORATION – up six cents, or 1.33 per cent, at $4.58

TOL – TOLL HOLDINGS LTD – up 16.5 cents, or 2.80 per cent, at $6.605

Alesco Corp has lost its legal challenge over a dispute with New Zealand’s Inland Revenue which could pave the way for the taxman to seek $NZ300 million ($A245.82 million) in unpaid tax from other Australian companies.