Stocks to watch on the Australian stock exchange:
AOG – AVEO – up 9.5 cents, or 3.7 per cent, at $2.675
Aveo Group’s first-half underlying profit has dropped 33 per cent to $36.3 million after sales fell following allegations the retirement village operator was ripping off residents.
BHP – BHP BILLITON – up 9.5 cents, or 3.7 per cent, at $2.675
Woodside Petroleum has announced a $2.5 billion rights share raising after agreeing to buy an additional 50 per cent stake in the Scarborough gas field, off the WA Coast.
CSL – CSL – up $7.75, or 5.5 per cent, at $149.82
Vaccines and blood products supplier CSL’s half-year net profit has surpassed $US1 billion for the first time, partly due to a big lift in sales of flu vaccines.
DMP – DOMINO’S PIZZA – down $4, or 8.1 per cent, at $45.50
Domino’s Pizza shares have dropped sharply in early trade after the company lifted first-half profit by 17 per cent but slightly reduced sales guidance for its Australia and New Zealand stores.
IAG – Insurance Australia Group – up 22 cents, or 3 per cent, at $7.49
Insurance Australia Group (IAG) has lifted first-half profit 23.5 per cent to $551 million, primarily due to a significant increase in insurance profit.
MYR – MYER – up 2.25 cents, or 4.2 per cent, at 55.75 cents
Myer CEO Richard Umbers has stepped down from his position, with the department store’s chairman Garry Hounsell taking up an executive chairman role while a search for a new CEO takes place.
ORA – ORORA – up 9 cents, or 2.8 per cent, at $3.28
Beverage packaging business Orora has lifted half-year profit 12.7 per cent to $103.8 million thanks to a boost in earnings from its Australasia division.
RIC – RIDLEY CORPORATION – down 2.75 cents, or 2 per cent, at $1.3575
Animal feed producer Ridley Corporation has delivered a six per cent lift in half-year revenue to $449.3 million while higher costs have kept earnings almost flat.
WPL – WOODSIDE PETROLEUM – in a trading halt, last traded at $31.08
Woodside Petroleum has lifted full-year profit by 18 per cent to $US1.02 billion, helped by improved market conditions and higher oil prices.