BHP, Billabong, News Corp., Qantas: 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. All prices are from yesterday’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September slipped 0.1 percent to 4,224 as of 6:58 a.m. in Sydney. The Bank of New York Australia ADR Index dropped 2.9 percent. The S&P/ASX 200 Index declined 0.8 percent to 4,247.30.

Mining companies: Copper futures for December delivery declined 0.9 percent on the Comex in New York.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, slid 1.1 percent to A$39.43. Its American depositary receipts lost 1.8 percent in New York trading. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, slipped 1.5 percent to A$73.39 in Sydney.

Oil stocks: Crude oil for September delivery declined 1.4 percent on the New York Mercantile Exchange yesterday.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, dropped 2.7 percent to A$37.32. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, fell 1.5 percent to A$11.93.

Gold producers: Gold futures for December delivery rose 1.5 percent on the Comex in New York.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, slumped 4.2 percent to A$38.70.

Ansell Ltd. (ANN) : The world’s No. 1 maker of surgical gloves, was raised to “outperform” from “neutral” at Macquarie Group Ltd. Its shares climbed 0.7 percent to A$13.78.

Bandanna Energy Ltd. (BND) : The Australian coal explorer is considering a capital raising of as much as A$125 million ($131 million), the Australian Financial Review reported, without saying where it got the information. Bandanna’s shares sank 5.6 percent to A$1.19.

Billabong International Ltd. (BBG) : The world’s biggest surfwear maker was raised to “outperform” from “underperform” at Credit Suisse Group AG. The stock declined 0.6 percent to A$5.16.

GWA Group Ltd. (GWA) : The household products maker was raised to “outperform” from “neutral” at Credit Suisse Group AG. Its shares fell 5.9 percent to A$2.40.

News Corp. (NWSA) : News Corp. (NWS)’s editors at the News of the World Sunday tabloid discussed phone hacking in daily meetings, a former reporter said, increasing pressure on executives to explain when they became aware of the practice. The stock advanced 1.2 percent to A$16.30.

Qantas Airways Ltd. (QAN) : Jetstar Japan, the low-cost carrier formed by Japan Airlines Co., Qantas and Mitsubishi Corp., aims for 100 billion yen ($1.3 billion) in annual sales within a few years, Bruce Buchanan, chief executive officer of Qantas’s Jetstar unit, said. Qantas decreased 0.3 percent to A$1.525.

Tishman Speyer Office Fund (TSO) : The Australian-based fund that invests in U.S. property was downgraded to “underweight” from “neutral” at JPMorgan Chase & Co. The shares gained 5.8 percent to 55 Australian cents.

Westpac Banking Corp. (WBC) : Australia’s second-largest lender by market value was raised to “neutral” from “underweight” at JPMorgan Chase & Co. The stock dropped 4.4 percent to A$20.25.

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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