BHP,James Hardie, Leighton, NAB, Rio, Westpac: Australian Equity Preview

The following is a list of companies whose shares may rise or fall in Australia. The preview includes news announced after markets shut on Friday unless otherwise stated.

The S&P/ASX 200 Index futures contract expiring in June slipped 2.6 percent to 4,353 as of 6:59 a.m. in Sydney. The S&P/ASX 200 Index lost 0.8 percent to 4,449.4. The Bank of New York Australia ADR Index sank 6 percent.

Mining shares: Copper prices for July delivery fell 4.3 percent after a report showed U.S. employers hired fewer workers than expected last month. A measure of metals traded in London dropped 4.2 percent.

BHP Billiton Ltd. (BHP AU), the world’s largest mining company, fell 2.3 percent to A$37.87. Its American depositary receipts slumped 6.3 percent in New York. Rio Tinto Group (RIO AU) dropped 2.1 percent to A$67.59 in Sydney.

Oil companies: Crude oil tumbled the most in four months to $71.51 a barrel in New York after the U.S. jobs report.

Woodside Petroleum Ltd. (WPL AU), Australia’s second- largest oil and gas producer, slipped 0.5 percent to A$43.99. Rival Santos Ltd. (STO AU) gained 1.7 percent to A$12.92.

James Hardie Industries (JHX AU): The biggest seller of home siding in the U.S. lost a legal claim by mechanic John Booth, who was awarded A$326,640 in damages after working on asbestos brake linings made by James Hardie companies, the Sydney Morning Herald reported. The shares declined 0.5 percent to A$7.55.

Leighton Holdings Ltd. (LEI AU): Australia’s biggest construction company’s Chief Executive Officer Wal King received support from the company’s controlling shareholder, Hochtief AG, to remain in his role, the Australian newspaper said, citing Leighton Chairman David Mortimer. The shares lost 1.9 percent to A$31.79.

National Australia Bank Ltd. (NAB AU): The nation’s biggest business lender may have to increase the size of a capital raising to more than A$1.5 billion ($1.2 billion) to buy Axa Asia Pacific Holdings Ltd. after a decline in the bank’s share price since the December offer, the Australian newspaper said, citing bankers it didn’t identify. The bank has also dropped out of the bidding for 318 Royal Bank of Scotland Group Plc branches, a person with knowledge of the situation said. The shares decreased 2.9 percent to A$24.36.

Westpac Banking Corp. (WBC AU): Australia’s second-biggest lender is planning a U.S.-dollar bond sale as early as next week, the Australian Financial Review reported, without saying where it got the information. The shares retreated 1.4 percent to A$22.76.

To contact the reporters for this story: Nichola Saminather in Sydney at Nsaminather1@bloomberg.net.

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