Stocks to watch on the Australian stock exchange on Wednesday, Oct 22:
CAB – CABCHARGE – up five cents, or 1.1 per cent, at $4.70
US fleet card giant Fleetcor has been rebuffed by Cabcharge Australia after signalling interest in buying its core taxi payments business.
DXS – DEXUS PROPERTY GROUP – up two cents, or 1.8 per cent, at $1.155
Dexus Property Group says an increase in enquiries from potential tenants indicates a rise in demand for office space is on the way.
GFF – GOODMAN FIELDER – up one cent, or 1.6 per cent, at 63 cents
The federal government has approved the foreign takeover of Australia’s largest food maker, Goodman Fielder.
NCM – NEWCREST MINING – down three cents, or 0.3 per cent, at $9.78
Newcrest Mining’s NSW gold project is helping it keep on top of costs as it works to turn around its fortunes.
SXL – SOUTHERN CROSS MEDIA – down six cents, or 6.5 per cent, at 86.5 cents
The company behind the Triple M and 2DayFM radio networks is bracing for even steeper falls in its underlying earnings amid a tough advertising market.
TEN – TEN NETWORK HOLDINGS – up 0.5 cents, or 2.3 per cent, at 22.5 cents
The TV network’s shares continue to climb following speculation of a possible merger with Fairfax.
TLS – TELSTRA – up two cents, or 0.4 per cent, at $5.42
The Australian Competition and Consumer Commission and Telstra reach a resolution after an investigation into representations by Telstra to consumers who complained about faulty mobile phones.
VED – VEDA GROUP – down 14 cents, or six per cent, at $2.18
The credit report provider has rejected a media report claiming that a key shareholder, Pacific Equity Partners, is selling its 31.5 per cent stake.
