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BHP, Flight Centre, Fortescue, Iluka: Australian Stocks 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 July 15. All prices are from that day’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September rose 0.4 percent to 4,458 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index dropped 1.2 percent. The S&P/ASX 200 Index lost 0.4 percent to 4,473.50.

Mining companies: Copper futures for September delivery rose 0.8 percent on the Comex in New York.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, slipped 1.6 percent to A$42.89.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, gained 0.5 percent to A$81.36 in Sydney.

Oil stocks: Crude for August delivery rose 1.6 percent on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, dropped 2.2 percent to A$39.17. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, slipped 0.2 percent to A$13.23.

Fairfax Media Ltd. (FXJ) : Indicative bids for all or part of Fairfax’s radio division, which includes Melbourne’s highest-rating station, are due today, the Australian Financial Review reported without saying where it got the information. Fairfax, Australia’s second-largest newspaper publisher, rose 1.1 percent to 92 Australian cents.

Flight Centre Ltd. (FLT) : Australia’s largest travel agency was raised to “overweight” from “neutral” at JPMorgan Chase & Co. Its shares advanced 0.9 percent to A$21.40.

Fortescue Metals Group Ltd. (FMG) : The Australian iron- ore producer is discussing a ship order worth as much as $480 million with yards in China and South Korea, TradeWinds reported. Contracts would be to build between four and six ships, each with a capacity of 250,000 deadweight tons, larger than the standard size of 180,000 tons for capesize vessels, according to TradeWinds. Fortescue slipped 0.2 percent to A$6.41.

Iluka Resources Ltd. (ILU) : The world’s biggest zircon producer was raised to “outperform” from “neutral” at Macquarie Group Ltd. The shares climbed 2.6 percent to A$17.89.

News Corp. (NWS) : U.K. Metropolitan Police Chief Paul Stephenson resigned over “accusations” about his force’s links to a former News Corp. (NWSA) journalist arrested in connection with a probe into phone hacking at the News of the World tabloid. Separately, former News of the World editor Rebekah Brooks was arrested yesterday by police investigating phone hacking at News Corp.’s Sunday tabloid. The stock sank 2.8 percent to A$14.77.

Qantas Airways Ltd. (QAN) : A Qantas plane carrying South Africa’s Springbok rugby team was forced to return to Johannesburg after an engine started overheating, Australia’s biggest carrier said. Its shares rose 0.8 percent to A$1.84.

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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