Stocks to watch on the Australian stock exchange on Monday, July 2
DJS – DAVID JONES LTD – up 33 cents or 14.6 per cent at $2.59
David Jones has been offered $1.65 billion for a full takeover by a British private equity firm, a move that has sparked a sharp rise in the upmarket retailer’s share price.
FXJ – FAIRFAX MEDIA LTD – up 1.5 cents at 55.5 cents
Billionaire Gina Rinehart has called on Fairfax chairman Roger Corbett to resign if he fails to turn around the company’s ailing share price, revenue and circulation by November.
MTS – METCASH LTD – down 37 cents at $3.37
Grocery wholesaler Metcash has announced the successful completion of its $325 million share placement.
NWSLV – NEWS CORPORATION LTD NON VOTING SHARES – down 23 cents at $21.90
NWS – NEWS CORPORATION LTD – down 34 cents at $22.03
News Corp’s Australian newspapers and pay TV companies will stay together while worldwide the media group’s publishing assets are split off from TV and film under a restructure announced by the company overnight
ORG – ORIGIN ENERGY LTD – steady at $12.20
Origin Energy has been accused of price gouging by the Queensland government.
QAN – QANTAS AIRWAYS LTD – up 1.5 cents at $1.075
AIZ – AIR NEW ZEALAND LTD – steady at 67 cents
Japan Airlines has been ordered to pay $2.3 million for breaches of New Zealand’s competition law for its part in an air cargo price fixing cartel.
TLS – TELSTRA CORPORATION – up three cents at $3.69
The communications watchdog has slammed Telstra for publishing the personal details of more than 700,000 customers online for most of last year.
