News from AAP

Stocks to watch on Friday

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Stocks to watch on the Australian stock exchange on Friday, March 6:

FMG – FORTESCUE METALS GROUP – steady at $2.29

Fortescue Metals Group is bolstering its balance sheet by refinancing $US2.5 billion ($A3.2 billion) of debt and pushing back the maturity on a $US4.9 billion credit facility.

OML – OOH! MEDIA – down seven cents, or 2.9 per cent, at $2.35

oOh!Media has lost its advertising rights within Sydney Airport’s busy T2 domestic terminal.

WPL – WOODSIDE PETROLEUM – up 13 cents, or 0.4 per cent, at $35.23

The consumer watchdog has given the all clear to Woodside Petroleum’s $US2.75 billion ($A3.52 billion) purchase of LNG assets from US energy giant Apache Corporation.