Stocks to watch at noon

Reported by AAP
Friday, August 12, 2011
Topics in this article:
Fortescue Metals ,Gunns,Macarthur Coal,Westfield,Pharmaxis Ltd

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Stocks to watch on the Australian stock exchange at noon on Friday:

FMG - FORTESCUE METALS GROUP - up 20 cents, or 3.45 per cent, at $5.99

Fortescue Metals' native title group judgment is to be handed down in Perth on Friday.

GNS - GUNNS LTD - trade suspended, last traded at 20.5 cents

Timber company Gunns has reached an out of court settlement with members of an environmental group who staged a protest a Tasmanian sawmill.

MCC - MACARTHUR COAL LTD - up 26 cents, or 1.7 per cent, at $15.16

Peabody Energy says it's obtained approval from the Foreign Investment Review Board of its $15.50 per share bid for Macarthur Coal.

PXS - PHARMAXIS LTD - down three cents, or 2.7 per cent, at $1.07

Pharmaxis Ltd has reported a one per cent improvement in its annual result, posting a slightly smaller loss than in the previous year as it reduced operating expenses.

WDC - WESTFIELD GROUP - down two cents, at $7.54

Westfield Group is making its second foray into a new market in a week, spending $160 million to buy into a development site in the northern Italian city of Milan for a regional shopping centre much like its operation in London.

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19/05/2013 08:26Sydney, Australia. 19 May,2013
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