Stocks to watch on the Australian stock exchange on Monday, July 16
ANZ – ANZ BANKING GROUP LTD – up 17 cents at $22.35
ANZ Banking Group has opted to keep its home loan rates on hold after the Reserve Bank of Australia’s decision to not cut the cash rate in July.
DLX – DULUXGROUP LTD – up one cent at $3.04
ALS – ALESCO CORPORATION LTD – down two cents at $1.97
DuluxGroup has rejected Alesco Corporation’s claim that it doesn’t have support from the takeover target’s shareholders to secure its $188 million bid.
HDF – HASTINGS DIVERSIFIED UTILITIES FUND – down three cents at $2.33
Pipeline Partners Australia looks set to succeed in its $1.23 billion takeover bid for energy infrastructure investor Hastings Diversified Utilities Fund (HDF).
IFL – IOOF HOLDINGS LTD – down 11 cents at $5.77
PLB – PLAN B GROUP HOLDINGS LTD – up 14 cents at 59 cents
IOOF Holdings is to acquire fellow wealth management advisory group Plan B Group Holdings in a friendly, $49.1 million off-market takeover.
NWS – NEWS CORPORATION LTD – up two cents at $21.44
NWSLV – NEWS CORPORATION LTD NON VOTING SHARES – down two cents at $21.22
News Ltd chief executive Kim Williams says he is prepared to go all the way to the High Court to protect the media industry from being over-regulated.
ORG – ORIGIN ENERGY LTD – down one cent at $12.01
The upgrade of Origin Energy’s gas project in Bass Strait has hit problems with the failure to install a compression module on an offshore platform.
QAN – QANTAS AIRWAYS LTD – up one cent at $1.055
VAH – VIRGIN AUSTRALIA HOLDINGS LTD – steady at 38 cents
Qantas has for the first time been trumped by Virgin Australia in the annual global airline rankings.
SFH – SPECIALITY FASHION GROUP LTD – down two cents at 50 cents
Womenswear retailer Specialty Fashion Group may not proceed with some planned store closures despite warning that its full-year earnings will be halved due to falling sales in a depressed market.
WES – WESFARMERS LTD – up 30 cents at $30.77
Toll Group is expected to ask the industrial umpire to shut down a picket by striking workers at a Coles warehouse in Melbourne, after they rejected a new pay offer from the employer.
WHC – WHITEHAVEN COAL LTD – down eight cents at $3.45
Billionaire coal magnate Nathan Tinkler has made a formal bid for Whitehaven Coal in which he hopes to take the miner under his private control.
