Stocks to watch on the Australian stock exchange on Friday, Sept 11:
BHP – BHP BILLITON
RIO – RIO TINTO
FMG – FORTESCUE METALS
The price of iron ore has lifted 83 US cents to $US59.01
CCV – CASH CONVERTERS
Australia’s largest payday lender Cash Converters is replacing its top management and has pledged to conduct a strategic review of its business.
DSH – DICK SMITH
HVN – HARVEY NORMAN
MYR – MYER
WES – WESFARMERS
WOW – WOOLWORTHS
Although many companies are pouring money into social media to market their goods, the recommendations of friends and family remain the top driver of purchasing decisions, a study has found.
SFH – SPECIALTY FASHION
Rivers clothing chain has cut 130 jobs and shut down its warehouses in regional Victoria weeks after its owner flagged a turnaround for the struggling retailer.