FED:Stockwatch Week to Sept 27 STOCKWATCH WEEK
SYDNEY, Sept 27 AAP - Stocks to watch on the Australian stock exchange this week:
ASX - ASX - down 57 cents, or 1.6 per cent, at $34.76
The involvement of two ASX board members in a regulatory scandal in the US, which has led to their resignation from the Australian market operator, was unfortunate, the company's chairman says.
BGA - BEGA CHEESE - up seven cents, or 2.1 per cent, at $3.49
WCB - WARRNAMBOOL CHEESE AND BUTTER FACTORY - up four cents, or 0.7 per cent, at $6.10
Takeover target Warrnambool Cheese and Butter Factory has rejected Bega Cheese's $319 million offer as too low and not having a high enough cash component.
BHP - BHP BILLITON - down three cents, or 0.1 per cent, at $36.36
BHP Billiton says increased supply is causing commodity prices to fall and it expects that trend to continue in the short-term.
BLY - BOART LONGYEAR - down four cents, or 8.2 per cent, at 45 cents
The world's largest drilling company Boart Longyear says it will reduce the size of its revolving credit facility from US$450 million to US$140 million.
CSS - CLEAN SEAS TUNA - up 1.9 cents, or 59.4 per cent, at 5.1 cents
Fish farmer Clean Seas Tuna says it is on track to become profitable in the 2015 financial year as its kingfish production improves to its best level for years.
DJS - DAVID JONES - up six cents, or 2.1 per cent, at $2.97
Retailer David Jones has seen its full year profit slide six per cent amid weaker sales and pressure to cut prices.
FMG - FORTESCUE METALS GROUP - up 38 cents, or 8.3 per cent, at $4.94
MIN - MINERAL RESOURCES - down $1.18, or 9.7 per cent, at $11.02
Fortescue Metals Group has taken control of ore processing off a contractor at its Christmas Creek mine where a worker died last month.
Also, Andrew Forrest has spent close to $24 million increasing his majority stake in the company.
KMD - KATHMANDU - up 39 cents, or 15.3 per cent, at $2.94
Kathmandu Holdings has defied weakness in the retail sector to post a 27 per cent increase in profit, and plans to open 15 new stores this year in search of even stronger results.
MQG - MACQUARIE GROUP - down $1.10, or 2.2 per cent, at $48.90
Investment firm Macquarie Group still expects its profit to rise in the current fiscal year, so long as financial market conditions continue to improve.
NCM - NEWCREST MINING - down $1.63, or 12.4 per cent, at $11.47
Newcrest executives are bracing for more pay cuts as the troubled gold miner outlines plans to keep bonuses to a minimum.
NUF - NUFARM - down 19 cents, or 3.9 per cent, at $4.75
Agricultural chemicals and seeds supplier Nufarm says its annual profit has been affected by challenging seasonal conditions and a difficult market in Australia.
TLS - TELSTRA - up six cents, or 1.2 per cent, at $5.02
Even more job cuts could be on the horizon at Telstra after a decision to fire more than 1000 workers.
WHC - WHITEHAVEN COAL - up two cents, or 1.0 per cent, at $2.02
Whitehaven Coal has won its latest court battle after the Federal Court threw out a bid by an environmental group to stop work on its coal.