News from AAP

Stocks to watch on Thursday

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Stocks on the Australian stock exchange on Thursday, November 3

ANZ – AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD – down 46 cents at $20.90

ANZ posts full year results on Thursday

Separately: ANZ cuts its variable interest rate by 25 basis points.

NAB – NATIONAL AUSTRALIA BANK – down 19 cents at $24.91

National Australia Bank (NAB) has earned the ire of the government for not passing on in full this week’s official interest rate cut to home borrowers.

NWS – NEWS CORPORATION – last traded at $16.51

Global media giant News Corporation has reported a slight fall in first quarter net profit due to a number of one-off charges, but says the company is successfully navigating through unpredictable times.

MGR – MIRVAC GROUP – down 2.5 cents at $1.245

Mirvac Group has re-affirmed its earnings forecast, saying it has a 97.8 per cent portfolio occupancy rate and had realised $127 million from its 2012 financial year asset sale program.

OST – ONESTEEL LTD – down 21.5 cents at 98.5 cents

Shares in OneSteel plummeted to a 10-year low after a poor outlook for the only profitable part of its business – its iron ore mines – prompted it to revise down its entire earnings guidance.

QAN – QANTAS AIRWAYS LTD – down 5.5 cents at $1.575

VBA – VIRGIN BLUE HOLDINGS LTD – steady at 37 cents

Virgin Australia chief executive John Borghetti has rejected claims the airline’s pilots, engineers and ground crew are paid substantially less than those at Qantas Airways..

SGP – STOCKLAND GROUP – down three cents at $3.10

Property group Stockland has sold, for $172.2 million, its interest in the office building in Sydney’s Martin Place that houses the Seven Network’s news headquarters.

WBC – WESTPAC BANKING CORPORTION – down 42 cents at $21.52

Westpac has flagged further possible job cuts after unveiling a record profit of almost $7 billion that eclipsed those of its rivals.

WOW – WOOLWORTHS LTD – down 28 cents at $23.39

Woolworths’ new chief executive Grant O’Brien is planning an aggressive push to open 39 new supermarkets while reviewing the company’s troubled Big W and Dick Smith stores..