News from AAP

Stocks to watch Wednesday

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Stocks to watch on the Australian stock exchange early on Wednesday:

AUN – AUSTAR UNITED COMMUNICATIONS LTD – up four cents at $1.52

CMJ – CONSOLIDATED MEDIA HOLDINGS LTD – steady at $3.05

NWS – NEWS CORPORATION – down 33 cents at $18.77

NWSLV – NEWS CORPORATION – down 44 cents at $18.38

TLS – TELSTRA CORPORATION LTD – steady at $3.35

Pay TV operator FOXTEL is free to take over regional rival Austar after receiving the competition watchdog’s approval.

ERA – ENERGY RESOURCE OF AUSTRALIA LTD – up 1.5 cents at $1.275

Energy Resources of Australia (ERA) has increased its expectations for how much uranium oxide it expects to produce in 2012 to between 3,200 and 3,700 tonnes.

GNS – GUNNS LTD – suspended from trading, last traded at 16 cents

Woodchipper Gunns again has asked for more time to put together a plan to raise funds.

GWA – GWA GROUP LTD – down 4.5 cents at $1.975

Building fixtures supplier GWA Group says full year earnings are likely to fall by as much as 25 per cent as home building continues to slow and bad weather hits sales.

LEI – LEIGHTON HOLDINGS LTD – down 34 cents at $20.77

Leighton Asia has won a $420 million contract to provide mining services to PT Marunda Grahamineral’s coal mining project in Borneo.

QRN – QR NATIONAL LTD – up one cent at $3.63

Liberal National Party (LNP) backer Clive Palmer says he’s still trying to gather evidence for a planned lawsuit against QR National.

SUN – SUNCORP LTD – down 14 cents at $8.21

Senior Suncorp Bank executive Greg Bryant has been promoted to chief financial officer.

TOL – TOLL HOLDINGS LTD – down five cents at $5.61

US truck drivers working for Australian transport giant Toll Group at the Port of Los Angeles will hold a historic vote on Wednesday that could have ramifications at ports across the US and in Australia.

VAH – VIRGIN AUSTRALIA HOLDINGS LTD – steady at 42 cents

Virgin Australia will invest $8 million in regional carrier Skywest Airlines to help expand their existing partnership.

WPL – WOODSIDE PETROLEUM LTD – down 49 cents at $34.69

BHP – BHP BILLITON LTD – down 19 cents at $34.25

The Woodside Petroleum-led joint venture aiming to build a $30 billion gas hub in the Kimberley has been given more time to make a final investment decision on the project.