Stocks of interest at the close of trade on the ASX on Tuesday, December 18:
CAR – CARSALES.COM – down 23 cents, or two per cent, to $11.52
Carsales.com blames tighter credit conditions and a new ban on flex commissions for an anticipated $48 million impairment against its stake in the Stratton Finance Group.
AGL – AGL ENERGY – up two cents, or 0.1 per cent, to $19.82
AGL has appointed former chief financial officer Brett Redman as chief executive on a permanent basis, replacing Andy Vesey who left following a period in which the energy supplier was criticised by pro-coal groups and politicians for scheduling the closure of the ageing Liddell power station.
FBU – FLETCHER BUILDING – up 11 cents, or 2.4 per cent, to $4.69
Fletcher Building has agreed to sell the Formica Group to Netherlands-based Broadview Holding BV for $US840 million, as New Zealand’s largest builder streamlines its business.
REA – REA GROUP – down $1.30, or 1.8 per cent, to $72.81
REA Group has appointed the former head of ANZ’s Asian retail banking business as its new chief executive.
NCM – NEWCREST MINING – up 31 cents, or 1.5 per cent, to $21.16
Newcrest Mining has raised its holdings in Ecuadorian gold and copper developer SolGold, nudging further ahead of No.2 investor BHP.