Stocks to watch on the Australian stock exchange on Friday, April 27
LEI – LEIGHTON HOLDINGS LTD – up 10 cents at $20.28
Leighton Holdings’ Middle East operation is part of a joint venture awarded a $US169 million ($A163.57 million) contract for work on a mine in Saudi Arabia.
LLC – LEND LEASE GROUP – steady at $7.35
Property developer Lend Lease Group says fraudulent activities that prompted a legal investigation into an arm of Lend Lease in the United States no longer occur.
MTN – MARATHON RESOURCES LTD – up 0.5 cents at 6.5 cents
Uranium explorer Marathon Resources will use a $5 million compensation payment from the South Australian government to investigate new projects.
NWS – NEWS CORPORATION LTD – up two cents at $18.90
NWSLV – NEWS CORPORATION LTD – up three cents at $18.63
Rupert Murdoch has declared he had “never asked a prime minster for anything” as the UK inquiry into media ethics claimed its first political scalp.
OZL – OZ MINERALS LTD – steady at $9.42
OZ Minerals lifted its production of gold and copper in the first three months of the year but costs were higher because of heavy rains.
QRN – QR NATIONAL LTD – up four cents at $3.67
AGO – ATLAS IRON LTD – up two cents at $2.87
Rail operator QR National and Atlas Iron are looking at building a new railway linking mines in Western Australia’s Pilbara region to Port Hedland.
SGT – SINGAPORE TELECOM LTD – steady at $2.43
Millions of dollars in sports broadcast rights will be at stake when a judgment is made in a legal battle between Optus and the nation’s two biggest football codes on Friday
SWM – SEVEN WEST MEDIA LTD – last traded at $2.91
Shares in Australia’s largest diversified media business Seven West Media have lost almost a quarter of their value in response to its surprise earnings downgrade.