Stockwatch Week to Sep 7
- From: AAP
- September 07, 2012
A ROUND-UP of some of the key stock movements on the Australian Stock Exchange (ASX) in the trading week to Friday, September 7, 2011:
(Includes change on share price from previous Friday close)
ALS - ALSECO CORPORATION LTD - down 2.5 cents at $1.89
DLX - DULUXGROUP LTD - up three cents at $3.31
DuluxGroup says it will accelerate its payments to Alesco shareholders if they accept its $210 million takeover offer.
BBG - BILLABONG INTERNATIONAL LTD - up 6.5 cents $1.415
Clothing retailer Billabong says it will formally consider a takeover after receiving its second offer in the space of six weeks.
BHP - BHP BILLITON LTD - up 19 cents at $31.98
BHP Billiton will push ahead with its $US1 billion ($A981.98 million) Eagle Ford petroleum expansion in Texas as it aims to boost worldwide production levels by eight per cent.
CCL - COCA-COLA AMATIL LTD - up seven cents at $13.76 Coca-Cola Amatil has completed its $58 million takeover of the maker of Fiji Bitter, but says it will not take total control of the brewer.
CMJ - CONSOLIDATE MEDIA HOLDINGS LTD - down three cents at $3.42
NWS - NEWS CORPORATION - up $1.09 at $23.86
NWSLV - NEWS CORPORATION NON-VOTING - up $1.16 at $23.71
News Ltd has made a formal offer for James Packer's Consolidated Media, but it's lower than its original bid.
CTX - CALTEX AUSTRALIA LTD - up 55 cents at $16.17
Oil refiner Caltex has raised $550 million from investors to help fund a restructure that includes the overhaul of its Sydney oil refinery.
FMG - FORTESCUE METALS GROUP LTD - down 23 cents at $3.31
Fortescue Metals Group will cut staff and defer some development work in response to uncertainty created by falling iron ore prices.
LYC - LYNAS CORPORATION LTD - up 18 cents at 82 cents
Shares in Lynas Corporation have surged by more than 50 per cent in early trade after the rare earths miner was granted a temporary licence for its controversial $US800 million ($A785.58 million) rare earths refinery in Malaysia.
QAN - QANTAS AIRWAYS LTD - up 11 cents at $1.26
Qantas Airways is set to announce an agreement with Dubai-based Emirates that could help save the Australian airline's struggling international operations.