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Stockwatch Week to November 16

Reported by AAP
Friday, November 16, 2012
Companies forced to change their nameConflict in Iraq and Syria is causing serious headaches for companies who happen to share the ISIS moniker

A round-up of some of the key stock movements on the Australian Stock Exchange (ASX) in the trading week to Friday, November 16, 2012:

(Includes change on share price from previous Friday close)

BHP - BHP BILLITON LTD - down $1.53 at $32.93

Mining giant BHP Billiton has been given until 2016 to go ahead with the expansion at the Olympic Dam mine in South Australia.

BSL - BLUESCOPE STEEL LTD - down three cents at 45 cents

Troubled steelmaker BlueScope Steel has slashed bonuses and cut its chief executives pay packet to help it avoid a damaging shareholder protest vote at its annual general meeting.

GNC - GRAINCORP LTD - up three cents at $12.20

Grains marketer and maltster GrainCorp has rejected a $2.68 billion takeover proposal from US-based food processing giant Archer Daniels Midland Company (ADM) whilst boosting its annual profit by 19 per cent and lifting its dividend.

IPL - INCITEC PIVOT LTD - down 10 cents at $2.97

Incitec Pivot says it is taking steps to reduce the risk associated with its fertiliser business, while continuing to focus on expanding its explosives business, especially in Asia.

JHX - JAMES HARDIE INDUSTRIES PLC - down 71 cents at $8.68

Former James Hardie non-executive directors who misled investors about its asbestos compensation fund have been fined $25,000 and disqualified from serving on boards for two years.

LLC - LEND LEASE GROUP - down 12 cents at $8.39

Lend Lease Group has incurred its "first strike," with 26 per cent of shareholders voting against the property developer's executive pay report.

KMD - KATHMANDU HOLDINGS LTD - up eight cents at $1.41

Shares in clothing and equipment retailer Kathmandu have soared after it posted a 19.5 per cent boost in sales for the last 15 weeks.

LEI - LEIGHTON HOLDINGS LTD - down 87 cents at $16.40

Construction giant Leighton Holdings is reviewing the value of its investment in troubled Brisbane toll road operator BrisConnections.

NAB - NATIONAL AUSTRALIA BANK LTD - down 61 cents at $23.20

National Australia Bank chief executive Cameron Clyne stands to be awarded almost $4 million worth of bonuses.

ORG - ORIGIN ENERGY - down 58 cents at $9.84

Moves from some state governments to set lower electricity prices will backfire over the long run leaving households worse off, Origin Energy managing director chairman Grant King says.

RIO - RIO TINTO LTD - down $1.79 at $56.90

Rio Tinto has called for unions to get out of the workplace, blaming them for falling productivity, as some of its coal workers planned to go on strike.

SWM - SEVEN WEST MEDIA LTD - up 32.5 cents at $1.435

Seven West Media has narrowly avoided a first strike over executive pay at its annual general meeting.

SVW - SEVEN GROUP HOLDINGS LTD - down 23 cents at $6.37

Kerry Stokes' Seven Group Holdings is upbeat despite facing tough markets for its Chinese and Australian mining equipment businesses, and media operations.

29/11/2014 15:57Sydney, Australia. 29 November,2014
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