Stocks to watch on the Australian stock exchange today
ALS – ALESCO CORPORATION LTD – down one cent at $1.98
DLX – DULUXGROUP LTD – up two cents at $2.98
Paint maker DuluxGroup says Alesco’s rejection of its bid is misconceived and deficient but that the offer remains “compelling”.
BBG – BILLABONG INTERNATIONAL – down 49 cents, or 34 per cent, at 96 cents
Struggling surfwear retailer Billabong International is expected to fend off more takeover bids after its share price dived to its lowest level on record.
BXB – BRAMBLES LTD – up one cent at $6.21
Brambles has appointed Zlatko Todorcevski as its new chief financial officer.
CMJ – CONSOLIDATED MEDIA HOLDINGS – up three cents at $3.40
SVW – SEVEN GROUP HOLDINGS – down 40 cents at $7.70
SWM – SEVEN WEST MEDIA LTD – down seven cents at $1.97
NWS – NEWS CORPORATION LTD – down three cents at $20.30
NWSLV – NEWS CORPORATION NON VOTING SHARES – up three cents at $20.06
Billionaire Kerry Stokes’ positioning for a possible bid for Consolidated Media Holdings (ConsMedia) was most likely serious but unlikely to succeed, analysts say.
FXJ – FAIRFAX MEDIA LTD – down one cent at 57 cents
Three of the nation’s leading editors have quit as Fairfax Media continues the radical overhaul of its news business.
GFF – GOODMAN FIELDER LTD – up 0.5 cents at 56.5 cents
Breads and spreads supplier Goodman Fielder says 115 jobs will be cut from its Australian baking business as as a result of the closure of three bakeries.
LLC – LEND LEASE GROUP – steady at $7.28
Work has been halted for a second time at Sydney’s Barangaroo high-rise development because of fears about asbestos.
NHF – nib – down two cents at $1.47
Private health insurer nib says its full year profit will come in at the lower end of its previous forecasts.
PPT – PERPETUAL LTD – up 69 cents at $24.03
Fund manager Perpetual has forecast a massive full year profit slide and pay cuts for its board as it begins a major restructure.
TPI – TRANSPACIFIC INDUSTRIES GROUP LTD – down two cents at 72 cents
Waste disposal company Transpacific Industries has downgraded its full year profit forecast partly due to lower garbage volumes in Queensland.
WPL – WOODSIDE PETROLEUM LTD – up 16 cents at $31.52
Western Australia’s environmental watchdog says it will announce its decision on Woodside Petroleum’s controversial James Price Point gas hub project on Friday.
AAP
