Stocks to watch on the Australian stock exchange today December 4
CWN – CROWN LTD – up six cents at $10.31
Crown has received government permission for an additional 500 gaming machines its new six-star luxury hotel development proposed for Perth.
ORG – ORIGIN ENERGY LTD – up nine cents at $11.07
Origin Energy should be allowed to charge higher electricity prices to reflect the real cost of producing power, lawyers for the company have argued in court.
NWS – NEWS CORPORATION LTD – up four cents at $24.30
NWSLV – NEWS CORPORATION NON VOTING SHARES – down three cents at $23.71
News Corp head Rupert Murdoch has announced Australian Robert Thomson as the new boss of News International, after former CEO Tom Mockridge stood down.
PMV – PREMIER INVESTMENTS LTD – up 15 cents at $6.47
The owner of retailers Just Jeans, Jay Jays and Portmans holds its annual general meeting on Tuesday.
SDL – SUNDANCE RESOURCES – in a trading halt, last traded at 39 cents.
Shares in Sundance Resources are expected come under downwards pressure when they resume trading, as the prospect of a takeover deal with Hanlong Mining appears even more remote.
WPL WOODSIDE PETROLEUM LTD – up 31 cents at $34.11
Woodside Petroleum has played down security risks involved in operating a gas processing plant in Israel as it continues to push into overseas markets.
