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Stockwatch Week to November 16

Reported by AAP
Friday, November 16, 2012
World's kookiest billionairesBillionaires and their eccentric and outlandish publicity stunts.

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.

25/10/2014 13:45Sydney, Australia. 25 October,2014
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