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.
Keep reading - next article