Aquila, BHP, Centrebet, Reject Shop: 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. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in June advanced 0.1 percent to 4,674 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index climbed 2 percent. The S&P/ASX 200 Index gained 1.7 percent to 4,660.20.

Mining companies: Copper for delivery in three months fell 0.5 percent to settle at $9,020 a metric ton ($4.09 a pound) at 6:05 p.m. in London.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, rallied 2.2 percent to A$43.91. Its American depositary receipts gained 1.7 percent in New York trading. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, advanced 1.9 percent to A$80.25 in Sydney.

Oil stocks: Crude oil for July delivery fell 1.1 percent to settle at $100.23 a barrel on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, rose 1.9 percent to A$45.63.

The operator of the North West Shelf gas project in Western Australia said it expects a final investment decision on the Greater Western Flank development late this year, and first gas 36 months after approval.

Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, added 3.9 percent to A$14.41.

Aquila Resources Ltd. (AQA) : The coal and iron-ore producer aims to borrow about A$2 billion ($2.1 billion) to help fund its share of costs for the West Pilbara iron ore project, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. Its shares gained 3.9 percent to A$8.35 before they were halted from trading.

Centrebet International Ltd. (CIL) : Sportingbet Plc, a U.K. online sports-betting company, agreed to buy Australia’s Centrebet, which offers similar services, as it seeks to expand outside Europe. The deal values Centrebet at about A$183 million, London-based Sportingbet said in a statement. Centrebet climbed 2.5 percent to A$1.84.

GrainCorp Ltd. (GNC) : Eastern Australia’s largest grain handler was downgraded to “underperform” from “neutral” at Credit Suisse Group AG. The stock surged 8 percent to A$3.38.

The Reject Shop Ltd. (TRS) : The retailer was raised to “outperform” at Macquarie Research. The stock was previously rated “neutral,” according to data compiled by Bloomberg. The stock rose 2.5 percent to A$12.02.

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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