Stocks to watch on the Australian stock exchange:
ANZ – ANZ BANKING GROUP – up 9 cents, or 0.3 per cent, at $27.81
ANZ Banking Group has appointed Adrian Went as its group treasurer.
AGO – ATLAS IRON – down 0.05 cents, or 1.11 per cent, at 4.45 cents
MIN – MINERAL RESOURCES – down 17 cents, or 1 per cent, at $16.40
Atlas Iron’s board has backed a takeover bid by billionaire Gina Rinehart after rival bidder Mineral Resources pulled out of contention.
APO – APN OUTDOOR – up 67.5 cents, or 11.5 per cent, at $6.525
APN Outdoor shares have soared on Thursday morning after France-based outdoor advertising giant JCDecaux made a $1.1 billion offer for the local company late on Wednesday.
BAL – BELLAMY’S AUSTRALIA – up $1.07, or 6.3 per cent, at $17.98
Bellamy’s has signed a deal with global dairy giant Fonterra to help Tasmanian farmers switch to organic practices, in an effort to increase the local supply for the company’s infant formula products.
WOW – WOOLWORTHS – up 35 cents, or 1.2 per cent, at $29.76
BP Australia has backed out of a deal with Woolworths to buy its petrol business more than six months after the consumer watchdog rejected the deal.
