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

To contact the editors responsible for this story: Nick Gentle at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.