Stocks to watch on the Australian stock exchange:
ALL – ARISTOCRAT LEISURE – down 23.5 cents, or 1 per cent, at $22.885
Pokie machine maker Aristocrat Leisure has promoted Julie Cameron-Doe as its next chief financial officer to replace Toni Korsanos.
FSF – FONTERRA AUSTRALIA – down 4 cents, or 0.7 per cent, at $5.83
Fonterra Australia has raised its farmgate milk price for the 2017/18 season by 10 cents per kilogram of milk solids but has also revised down its closing milk price range to reflect ongoing market volatility.
NCM – NEWCREST MINING – down 25 cents, or 1.1 per cent, at $22.21
Newcrest Mining has sold its 89.9 per cent stake in the Bonikro mine in Cote d’Ivoire (Ivory Coast), west Africa, to a consortium of F&M Gold Resources and Africa Finance Corporation, for $81 million.
RFG – RETAIL FOOD GROUP – up 2 cents, or 0.65 per cent, at $3.10
The owner of the Gloria Jean’s, Donut King and Brumby’s Bakery brands says reports of its mistreatment of franchisees are inaccurate.
WFD – WESTFIELD CORPORATION – up $1.19, or 14 per cent, at $9.69
Shares in Westfield Corporation have soared after the company agreed to a $US24.7 billion ($A32.7 billion) takeover from Paris property giant Unibail-Rodamco.