Stocks to watch on the Australian stock exchange on Friday, November 2

ARI – ARRIUM LTD – down 10 cents at 68.5 cents

Investors wiped almost 13 per cent from the share price of steelmaker Arrium after its Asian suitor walked away from a $1 billion plus takeover bid.

GUD – GUD HOLDINGS LTD – down two cents at $8.37

Household and automotive products supplier GUD Holdings has warned that profits in the first half of the current financial year could fall by 15 per cent as many of its businesses continue to feel economic pressure.

HIL – HILLS HOLDINGS LTD – up 8.5 cents at 84.5 cents

Troubled clothes line, electronics and building products maker Hills Holdings is expected to shed hundreds of jobs as part of a massive restructure.

QAN – QANTAS AIRWAYS – down four cents at $1.29

Qantas holds its annual general meeting in Canberra on Friday.

WHC – WHITEHAVEN COAL LTD – down five cents at $3.00

Whitehaven Coal directors have survived an attempted board spill and attack on their pay packets by majority shareholder Nathan Tinkler.