Stocks of interest on the Australian Securities Exchange on Thursday:
AMP – AMP LTD – down 16 cents, or 2.4 per cent, at $6.39
Financial services giant AMP holds its annual general meeting.
CBA – COMMONWEALTH BANK – down $5.16, or 5.85 per cent, at $82.98
Commonwealth Bank shares have fallen to their lowest level in more than three months after it posted a flat $2.2 billion quarterly cash profit.
FXJ – FAIRFAX MEDIA – down 5.00 cents, or 4.74 per cent, at $1.005
Fairfax Media says its revenues are up just under one per cent so far in calendar 2015, with falling newspaper revenues weighing on the group’s bottom line.
NAB – NATIONAL AUSTRALLIA BANK – down 97 cents, or 2.7 per cent, at $35.20
National Australlia Bank releases its half year earnings on Thursday.
NWS – NEWS CORP – down 79 cents, or 3.91 per cent, at $19.41
Rupert Murdoch’s News Corp has suffered a seven per cent slide in its third quarter earnings as advertisers continue to shy away from newspapers.
RIO – RIO TINTO – down 36 cents, or 0.6 per cent, at $59.12
Mining giant Rio Tinto will hold its annual general meeting.
SCG – SCENTRE GROUP – down five cents, or 1.3 per cent, at $3.76
Scentre Group, the owner of Westfield’s Australian and New Zealand shopping centres holds its annual general meeting.
WOW – WOOLWORTHS – down $1.49, or 5.03 per cent, at $28.14
Retail giant Woolworths will shed an extra 400 jobs as it looks to save $500 million in costs.
The supermarket giant continues to lag behind rival Coles, with total food and liquor sales up just 2.3 per cent to $10.6 billion and comparable sales by 0.7 per cent during the March quarter.