Ansell, BHP, Downer, Qantas, Woodside: Australian Stock Preview

The following is a list of companies whose shares may have unusual moves in Australia. The preview includes news announced after markets closed on May 13. All prices are from that day’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in June dropped 0.7 percent to 4,678 as of 6:58 a.m. in Sydney. The Bank of New York Australia ADR Index fell 1.3 percent. The S&P/ASX 200 Index rose 0.3 percent to 4,711.40.

Mining companies: Copper futures for July delivery increased 0.3 percent to close at $3.9835 a pound on the Comex in New York.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, climbed 0.4 percent to A$44.32. Its American depositary receipts slipped 1.5 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, advanced 0.5 percent to A$80.15 in Sydney.

Oil stocks: Crude oil for June delivery rose 0.7 percent to $99.65 a barrel on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, added 0.1 percent to A$45.07. Rival Santos Ltd. (STO) rose 1.1 percent to A$14.36.

Gold producers: Gold futures for June delivery fell 0.9 percent to settle at $1,493.60 an ounce on the Comex in New York

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, gained 0.3 percent to A$38.30.

Ansell Ltd. (ANN) : The world’s biggest maker of surgical gloves was downgraded to “neutral” at Macquarie Research. It was previously rated “outperform,” according to data compiled by Bloomberg. Ansell fell 0.7 percent to A$13.75

Downer EDI Ltd. (DOW) : The Australian engineering company was raised to “outperform” at Macquarie Research. It was previously rated neutral, according to data compiled by Bloomberg. The shares surged 4.2 percent to A$3.71.

Gloucester Coal Ltd. (GCL) : The company will pay A$585 million to buy rival Donaldson Coal and raise A$230 million through a rights issue to help fund the purchase, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. The coal producer’s shares fell 0.5 percent to A$9.90 when they last traded on May 6.

PanAust Ltd. (PNA) : The company said its Phu Kham copper-gold mining and crushing operations in Laos have been temporarily suspended after a company security vehicle was fired upon by unknown assailants on May 11. The stock slid 1.3 percent to 74.5 Australian cents.

Qantas Airways Ltd. (QAN) : The carrier’s long-haul pilots may go on strike if talks on a new enterprise agreement, now in stalemate, don’t progress by May 19, the Australian Financial Review reported, citing Richard Woodward, president of the pilots association.

Separately, Qantas will be forced to raise airfares on some international routes from January as a result of changes to the European Union’s carbon-emissions trading scheme, the Weekend Australian reported on Saturday. Qantas shares were unchanged at A$2.12.

To contact the reporter on this story: Shani Raja in Sydney at sraja4@bloomberg.net.

To contact the editors responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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