News from AAP

Stocks to watch Wednesday

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Stocks to watch on the Australian stock exchange on Wednesday:

JHX – JAMES HARDIE INDUSTRIES SE – down 14 cents at $5.57

The tax office has appealed to the High Court after the Full Federal Court found in favour of James Hardie Industries SE over a $242 million disputed tax assessment.

LEI – LEIGHTON HOLDINGS LTD – down 10 cents at $17.90

FMG – FORTESCUE METALS GROUP LTD – down 16 cents at $5.77

Leighton Holdings Ltd subsidiary Thiess has won a $100 million contract with Fortescue Metals Group Ltd for works on the Solomon Hub iron ore mine in Western Australia’s Pilbara region.

MAP – MAP GROUP – down three cents at $3.25

Traffic through Sydney Airport declined slightly in August from the same month a year earlier, according to MAp Group.

MNM – MANTEL MINING CORPORATION – down 0.4 cents at 6.6 cents

The trading halt on Western Australia-based diversified exploration company Mantel Mining Corporation has been lifted on Tuesday.

MTS – METCASH LTD – up four cents at $4.12

The Federal Court has dismissed an interim application by the competition watchdog to prevent Metcash Ltd from going ahead with its takeover of the Franklins supermarket business.

NHC – NEW HOPE CORPORATION LTD – up seven cents at $5.17

New Hope Corporation Ltd has almost tripled full year profit as coal exports rose to a record and the miner sold stakes in Arrow Energy and the Lenton project.

NHR – NATIONAL HIRE GROUP LTD – up $1.26 at $3.14

SVW – SEVEN GROUP HOLDINS LTD – down 19 cents at $8.35

Media, industrial services and investment group Seven Group Holdings Ltd (SGH) proposes to make an off-market takeover offer for the shares in National Hire Group Ltd that it does not already own.

QAN – QANTAS AIRWAYS LTD – down 2.5 cents at $1.52

Qantas passengers won’t face delays on Wednesday after the union ruled out further strike action, saying people had been “inconvenienced enough”.

SRQ – STRAITS RESOURCES LTD – up one cent at 81 cents

Straits Resources will pay $US120 million ($A117.62 million) to restructure an existing sales deal with a JP Morgan company for copper from its Tritton mine in NSW to reflect lower prices for the metal.

TPM – TPG TELECOM LTD – down one cent at $1.465

Telecommunications services provider TPG Telecom Ltd has announced a 40 per cent increase in full year net profits as the company enjoys strong subscriber growth in its broadband business.