Stocks to watch on the Australian stock exchange on Thursday, March 26:
BCI – BC IRON – up one cent, or 2.44 per cent, at 42 cents
PERTH – BC Iron is pushing ahead with cost cutting as it awards a new mining contract at its Nullagine hub in the Pilbara. (BC IRON to come)
BHP – BHP BILLITON – down 11 cents, or 0.35 per cent, at $31.11
FMG – FORTESCUE METALS GROUP – up three cents, or 1.49 per cent, at $2.04
RIO – RIO TINTO – down 54 cents, or 0.94 per cent, at $56.83
Mining magnate Andrew “Twiggy” Forrest has hit back at Rio Tinto and BHP Billiton, calling for a cap in iron ore production to arrest the slide in prices.
CCL – COCA-COLA AMATIL – down three cents, or 0.28 per cent, at $10.76
Former Woolworths executive Martyn Roberts is joining Coca-Cola Amatil as its new chief financial officer.
CKF – COLLINS FOODS – up three cents, or 1.21 per cent, at $2.50
MELBOURNE – KFC and Sizzler restaurant operators Collins Foods has appointed barrister Robert Kaye SC as its new chairman.
MRN – MACQUARIE RADIO NETWORK – up five cents, or five per cent, at $1.05
FXJ – FAIRFAX MEDIA – up one cent, or 1.04 per cent, at 97 cents
MELBOURNE – Australia’s two biggest rating radio stations are now part of the one company after Macquarie Radio Network’s shareholders voted to merge with Fairfax Media’s radio network.
NUF – NUFARM – down 18 cents, or 2.59 per cent, at $6.76
Nufarm says it is well-placed to lift full year profit and is positive about its major markets as long as the weather co-operates.
