Stocks to watch on the Australian stock exchange:
ALL – ARISTOCRAT LEISURE – up $1.97, or 7.1 per cent, at $29.78
the poker machine supplier’s first-half profit rose 2.8 per cent, buoyed by a huge jump in digital revenue and continued growth in the Americas business.
AWC – ALUMINA – up one cent, or 0.38 per cent, at $2.61
Miner and metals producer Alumina hold its annual general meeting on Thursday.
CIM – CIMIC GROUP – down 15 cents, or 0.35 per cent, at $42.30
CIMIC company, Leighton Asia, has won a contract to help build a $A540 million road tunnel in Singapore.
MYR – MYER – up one cent, or 2.3 per cent, at 45 cents
Myer says its new chief merchandise officer Allan Winstanley will make a formidable team with incoming CEO John King, given they worked together in turning around UK department store House of Fraser.
RWC – RELIANCE WORLDWIDE – in a trading halt
The plumbing supplies giant has agreed to buy UK plastic fittings manufacturer John Guest for $1.2 billion.
WBC – WESTPAC – down 18 cents, or 0.63 per cent, at $28.28
The Federal Court has found Westpac engaged in unconscionable conduct over its trading in the bank bill market, but cleared it of more serious allegations of rate manipulation.
WFD – WESTFIELD CORPORATION – down three cents, or 0.34 per cent, at $8.82
Shareholders have voted in favour of a $33 billion takeover by Paris property giant Unibail-Rodamco, marking the end of an era for the Lowy family.