Stocks to watch on the Australian stock exchange on Monday July 9:
BBG – BILLABONG INTERNATIONAL LTD – up 13 cents at $1.17
Shares in surfwear retailer Billabong International have rocketed by just over 12 per cent as investors bought into the stock after Macquarie Group announced it had become a substantial shareholder.
FXJ – FAIRFAX – steady at 58.5 cents
Speculation is growing that billionaire Gina Rinehart will reverse her opposition to Fairfax Media’s editorial independence charter to get a board seat and speed up takeover plans.
NWS – NEWS CORPORATION LTD – down three cents at $21.85
NSWLV – NEWS CORPORATION NON VOTING SHARES – down 12 cents at $21.70
The editor of Australia’s largest daily newspaper is the latest to lose his job in the media shake-up.
Simon Pristel left after four years as editor of Melbourne’s Herald Sun and was replaced by Sunday Herald Sun editor Damon Johnston on Friday.
“I am proud to have led the Herald Sun.
RFG – RETAIL FOOD GROUP LTD – down five cents at $2.69
The managing director of bakery chain Brumby’s has quit over the carbon tax controversy.
WOR – WORLYPARSONS – down 45 cents at $24.99
Global engineering firm WorleyParsons has appointed executive Andrew Wood to replace outgoing chief executive John Grill as it expands into the developing world amid high costs in Australia.
WOW – WOOLWORTHS – up seven cents at $26.97
Woolworths and social activist group GetUp! have both claimed victory in a court case that will see shareholders vote on one dollar betting limits on more than 12,000 betting machines owned by the supermarket giant.