Stocks to watch on the Australian stock exchange on Friday September 9
AGO – ATLAS IRON LTD – down four cents at $3.70
Atlas Iron Ltd has declared its FerrAus takeover offer unconditional.
AIX – AUSTRALIAN INFRASTRUCTURE FUND – down 0.5 cents at $1.825
Australian Infrastructure Fund (AIX) has reported a 1.2 per cent increase in passenger numbers through its airports in July
APN – APN NEWS & MEDIA LTD – up 1.5 cents at 87.5 cents
OGC – OCEANAGOLD CORPORATION – up 11 cents at $2.38
OceanaGold Corp, operator of the Macraes gold field, is to join the NZX 50 Index on September 19 as APN News & Media Ltd drops out after the bourse’s latest quarterly review.
AQA – AQUILA RESOURCE LTD – up four cents at $6.07
Aquila Resources Ltd has gone into a trading halt as the miner prepares to make an announcement in relation to its Eagle Downs Hard Coking Coal Project
BHP – BHP BILLITON LTD – down six cents at $38.17
British oil giant BP has announced a major oil find in the US Gulf of Mexico that it says underscores the development potential of the region.
FGL – FOSTER’S GROUP LTD – up one cent at $4.85
The Takeovers Panel has declined to conduct proceedings against Foster’s Group Ltd after SABMiller plc, which is trying to buy Foster’s, raised concerns about the brewer’s full year results report.
GNS – GUNNS LTD – suspended from trading, last traded at $20.05
Timber company Gunns is facing another legal hurdle to its controversial northern Tasmanian pulp mill.
QAN – QANTAS AIRWAYS LTD – down 0.5 cents at $1.585
The pay increase given to Qantas chief executive Alan Joyce when the company is planning to slash hundreds of jobs is “obscene”, a union says.
SGP – STOCKLANDS – up one cent at $2.95
Stockland has gained approval from Queensland’s Urban Land Development Authority to start building its Bellvista II residential community at Caloundra on the Sunshine Coast.
