Stocks to watch on the Australian stock exchange on Friday, September 7
ANZ – AUSTRALIAN AND NEW ZEALAND BANKING GROUP LTD – up four cents at 24.21
CBA – COMMONWEALTH BANK OF AUSTRALIA – up 17 cents at $54.72
NAB – NATIONAL AUSTRALIA BANK LTD – up 14 cents at $25.11
WBC – WESTPAC BANKING CORPORATION – down five cents at $23.90
More than 170,000 Australian bank customers have been cleared to fight for the return of more than $220 million in bank fees after a High Court victory.
BBG – BILLABONG INTERNATIONAL LTD – up 9.5 cents at $1.365
Struggling surfwear retailer Billabong has received its second takeover offer in six weeks, with its latest suitor matching TPG’s $1.45-a-share bid.
GRG – GRG INTERNATIONAL LTD – up two cents at 7.5 cents
Australian-listed automatic teller machine (ATM) supplier GRG International is acquiring US-based ATM maker Triton for about $US25 million ($A24.62 million).
LYC – LYNAS CORPORATION LTD – up 24.5 cents, or 41.18 per cent, at 84 cents
Shares in mineral sands miner Lynas Corporation have surged by more than 40 per cent after the rare earths miner was granted a temporary licence for its controversial rare earths refinery in Malaysia.
NWS – NEWS CORPORATION – up 30 cents at $23.52
NWSLV – NEWS CORPORATION NON-VOTING – up 18 cents at $23.27
News Ltd chief Kim Williams has accused the federal government of setting up a review of media practices because it did not like the reporting of some of the company’s newspapers.
PSA – PETSEC Energy LTD – steady at 14 cents
Petsec Energy is producing at well below capacity after Hurricane Isaac damaged some of its offshore platforms in the Gulf of Mexico.
QAN – QANTAS AIRWAYS LTD – up 7.5 cents at $1.20
Qantas Airways chief executive Alan Joyce says a tie-up with Emirates will go a long way to returning the Australian airline’s struggling international operations to profitability.