ANZ, BHP, BlueScope, Boart, Woodside: 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 Aug. 19. All prices are from that day’s close unless otherwise stated.

The S&P/ASX 200 Index futures contract due in September gained 0.1 percent to 4,072 as of 6:52 a.m. in Sydney. The Bank of New York Australia ADR Index dropped 1.5 percent. The S&P/ASX 200 Index slid 3.5 percent to 4,101.90.

Mining companies: A measure of primary metals traded in London climbed 0.5 percent.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, declined 4.1 percent to A$37.50. Its American depositary receipts fell 1.7 percent in New York trading. BHP said its tender offer to buy Petrohawk Energy Corp. has been completed. Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, slumped 5.3 percent to A$69.42 in Sydney.

Oil stocks: Crude oil for September delivery slipped 0.2 percent on the New York Mercantile Exchange.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, sank 3.9 percent to A$35.44. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, retreated 5.2 percent to A$11.07.

Gold producers: Gold for December delivery gained 1.7 percent to settle at $1,852.20 on the Comex after touching $1,881.40, the highest ever.

Newcrest Mining Ltd. (NCM) , Australia’s biggest gold producer, rose 2.3 percent to A$39.54. Rival St. Barbara Ltd. (SBM AU) lost 0.8 percent to A$1.925.

Australia & New Zealand Banking Group Ltd. (ANZ) : The lender was cut to “neutral” from “overweight” at JPMorgan Chase & Co. The stock dropped 4.5 percent to A$19.50.

Billabong International Ltd. (BBG) : The surf-wear maker was cut to “hold’ from “buy” at Royal Bank of Scotland Group Pls. Its shares tumbled 26 percent to A$3.82.

BlueScope Steel Ltd. (BSL) : Australia’s biggest steelmaker announced a full-year loss and restructure, and confirmed it is closing a blast furnace at Port Kembla. The company’s shares plunged 9.7 percent to 79 Australian cents.

Boart Longyear Ltd. (BLY AU): The provider of drilling services to mining companies was raised to “buy” from “neutral” at UBS AG. The stock sank 5.4 percent to A$3.51.

Foster’s Group Ltd. (FGL) : Chief Executive Officer John Pollaers may tomorrow announce plans for share buybacks to blunt the appeal of SABMiller Plc’s hostile takeover bid as profit drops, analysts at Citigroup Inc. said. Foster’s shares slid 1.4 percent to A$4.93.

QBE Insurance Group Ltd. (QBE) : The insurance company was raised to “buy” from “hold” at Citigroup Inc. The stock dropped 5.6 percent to A$12.98.

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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