Stocks of interest on the Australian stock exchange and their moves over the course of the week:
ALL – ARISTOCRAT LEISURE – up $2.93, or 10.3 per cent, at $31.32
Poker machine supplier Aristocrat’s first-half profit rose 2.8 per cent, buoyed by a huge jump in digital revenue and continued growth in the Americas business.
BWX – BWX – up $1.60, or 36.3 per cent, at $6.01
Personal care products marketer BWX received an $810 million buyout bid from senior managers teamed up with private equity player Bain Capital.
CBA – COMMONWEALTH BANK – down 63 cents, or 0.9 per cent, to $69.87
CBA hit a five-year low of $69.11 during Thursday trade before mounting a small recovery as investors remain cautious of the big four banks.
STO – SANTOS – down 36 cents, or 5.8 per cent, at $5.89
Oil and gas producer Santos rejected a $US10.9 billion takeover offer from US private equity firm Harbour Energy and terminated the negotiations in a move that surprised analysts.
TLS – TELSTRA CORP – up 2 cents, or 0.7 per cent, at $2.87
Telstra shares bounced slightly on Friday but remain near a seven-year low after the telco blamed network outages suffered on Monday, which left customers unable to make calls or use mobile data, on a software fault.
WBC – WESTPAC – down 56 cents, or 1.9 per cent, at $28.29
The Federal Court found Westpac engaged in unconscionable conduct over its trading in the bank bill market, but cleared it of more serious allegations of rate manipulation.
WES – WESFARMERS – up 52 cents, or 1.2 per cent, at $45.52
Wesfarmers announced on Friday it was pulling out of the UK hardware market, ending its two-year attempt to turn the Homebase chain into Bunnings stores. It will record a loss of around $323 million to $406 million on the deal.