Stocks to watch on the Australian stock exchange:
ANZ – ANZ BANKING GROUP – up 32 cents, or 1.1 per cent, at $28.82
International insurance giant Zurich has announced an agreement to buy ANZ’s life and consumer credit insurance business OnePath Life for $2.85 billion.
CIM – CIMIC – down 61 cents, or 1.2 per cent, at $50.30
Construction giant CIMIC announced three new major contracts for its companies, including design and construction for Victoria’s multi-billion dollar West Gate Tunnel project.
FXJ – FAIRFAX MEDIA – up 1.5 cents, or two per cent, at 78 cents
Fairfax Media has partnered with tech giant Google to boost its digital advertising and publishing technology and drive digital subscriptions.
KGN – KOGAN – up seven cents, or 1.5 per cent, at $4.78
Kogan has signed a deal with Medibank Group to offer budget health insurance policies under a new brand dubbed Kogan Health
TAH – TABCORP – up 11 cents, or 2.1 per cent, at $5.33
TTS – TATTS GROUP – up 11 cents, or 2.4 per cent, at $4.68
Tatts Group chief executive Robbie Cooke said the group has not let the uncertainty of its merger with Tabcorp affect its trading momentum.