Stocks to watch on the Australian stock exchange on Friday, Sept 26:
BHP – BHP BILLITON – up 10 cents, or 0.3 per cent, at $34.79
RIO – RIO TINTO – up 75 cents, or 1.2 per cent, at $61.50
BHP Billiton is considering listing its new resources entity NewCo on the London stock market.
Also, employees at Chile’s Escondida mine, the world’s largest copper mine and part owned by BHP and Rio Tinto, have gone on strike for the second time this week to demand better working conditions.
BKW – BRICKWORKS – up five cents, or 0.4 per cent, at $13.55
Sydney’s property boom is creating the best market for building product makers in a decade, according to Australia’s largest maker of bricks and tiles.
GFF – GOODMAN FIELDER – steady at 62 cents
The competition watchdog has cleared the way for an Asian consortium to buy Australia’s biggest foodmaker, Goodman Fielder.
SOL – WASHINGTON H SOUL PATTINSON – up 12 cents, or 0.85 per cent, at $14.32
Weakness in the resources sector has taken the shine off Washington H Soul Pattinson’s full year profit, despite stronger results from its TPG Telecom and Brickworks investments.
