Stocks to watch on the Australian stock exchange:
NUF – NUFARM – down 19 cents, or 2.2 per cent, at $8.59
Nufarm shares have slipped after the agricultural chemicals supplier warned half-year earnings would suffer from weak November trade and the shutdown of manufacturing facilities outside Melbourne.
NWS – NEWS CORP – up 4.5 cents, or 0.2 per cent, at $21.905
TLS – TELSTRA – down 0.5 cents, or 0.1 per cent, at $3.625
The proposed merger between Foxtel and Fox Sports Australia won’t be opposed by the consumer watchdog because it believes the deal will not reduce competition.
TTS – TATTS – up 4 cents, or 0.9 per cent, at $4.40
TAH – TABCORP – up 3.5 cents, or 0.7 per cent, at $4.945
Tatts Group will cease trading as an S&P/ASX 200 stock from December 14, ahead of the gaming giant’s long-awaited merger with rival Tabcorp.
YOW – YOWIE – up 3 cents, or 17.65 per cent, at 20 cents
Australian chocolate maker Yowie is stepping up its expansion in the US, quadrupling the number of Target stores stocking its character-themed treats and moving into more than 8,000 convenience stores.