Stocks to watch on the Australian stock exchange early today:
APN – APN NEWS & MEDIA LTD – down 0.5 cents at 74 cents
Independent News & Media (INM), the Irish parent of Australasia’s APN News & Media, is delisting shares which haven’t traded on the New Zealand stock exchange since 2007.
CPU – COMPUTERSHARE LTD – down 23 cents at $7.57
Computershare says it will sell UK-based Flag Communication Limited to interests associated with the chairman Chris Morris for STG400,000 ($A624,951).
CWK – COALWORKS LTD – up two cents at $1.005
WHC – WHITEHAVEN COAL LTD – up 12 cents at $4.31
Macquarie Bank’s push to oust the chairman and chief executive of Coalworks has been dumped after the NSW miner said it will accept a takeover offer from Whitehaven Coal.
EGP – ECHO ENTERTAINMENT GROUP LTD – in trading halt, last traded at $4.49
CWN – CROWN LTD – up seven cents at $8.65
Casino operator Echo Entertainment Group expects a drop in its full year earnings due to weak consumer sentiment.