Stocks to watch on the Australian securities exchange:
AWE – AWE LIMITED – up 14 cents, or 16.47 per cent, at 99 cents
Oil and gas producer AWE Ltd has received another takeover proposal, this time from Mitsui and Co, at 95 cents for each AWE share, which values AWE at about $594 million.
CBA – COMMONWEALTH BANK – up 54 cents, or 0.69 per cent, at $79.19
Commonwealth Bank has promoted retail banking chief Matt Comyn to replace Ian Narev as chief executive to “rebuild trust” in the bank following allegations it contravened anti-money laundering and counter-terrorism laws.
CWN – CROWN RESORTS – down one cent, or 0.08 per cent, at $13.06
Casinos operator Crown Resorts has completed the sale of its interest in land in Las Vegas on which the company had once intended to build a casino.
TLS – TELSTRA – up six cents, or 1.69 per cent, at $3.62
Telstra customers in three northern Brisbane suburbs will not be able to use their phones, even to call triple zero, for up to ten days, due to work at a shopping centre.