BHP, CSL, Foster’s, Seven, Virgin: Australian Equities 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 fell 1.2 percent to 4,165 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index lost 1.5 percent. The S&P/ASX 200 Index gained 1.1 percent to 4,212.80.

Mining companies: Copper futures for December delivery rose 2 percent in New York yesterday, while a measure of primary metals traded in London climbed for a third day, rising 1.3 percent.

BHP Billiton Ltd. (BHP) , the world’s No. 1 mining company, rose 1.1 percent to A$38.61. Its American depositary receipts dropped 1.7 percent in New York trading.

Rio Tinto Group (RIO AU), the world’s second-largest mining company by sales, rose 1.2 percent to A$69.73 in Sydney.

Oil stocks: Crude oil for October delivery gained 0.2 percent in New York yesterday.

Woodside Petroleum Ltd. (WPL) , Australia’s second- biggest oil and gas producer, gained 2.8 percent to A$35.75. Santos Ltd. (STO) , Australia’s third-largest oil and gas producer, climbed 1.9 percent to A$11.53.

CSL Ltd. (CSL) : CSL Behring, the plasma unit of the maker of blood-derived therapies, said European health authorities approved self-administration of Berinert(R) for the treatment of the genetic disorder hereditary angioedema, or HAE. CSL’s shares rose 2.7 percent to A$29.

Foster’s Group Ltd. (FGL) : SABMiller Plc, the world’s second-largest brewer by volume, hired 10 banks to raise loans for its hostile $12.5 billion bid to take over Foster’s, according to a person with direct knowledge of the deal. Foster’s gained 1.4 percent to A$5.03.

Insurance Australia Group Ltd. (IAG) : The Sydney-based insurer formed in 1925 was downgraded to “neutral” from “outperform” at Macquarie Group Ltd. IAG slid 3.5 percent to A$3.

Investa Office Fund (IOF AU): The commercial property investment company was downgraded to “neutral” from “overweight” at JPMorgan Chase & Co. The stock advanced 2.6 percent to 59 Australian cents.

Fairfax Media Ltd. (FXJ) : The media company reported a full-year net loss of A$390.9 million ($407.8 million) and said preparations were underway for an initial public offering of Trade Me, New Zealand’s largest online auctions and classifieds business. Fairfax rose 2 percent to 77.5 Australian cents.

Seven Group Holdings Ltd. (SVW) : The company which invests in media as well as industrial equipment was downgraded to “hold” from “buy” at Deutsche Bank AG. Seven’s shares surged 6.2 percent to A$8.56.

Transfield Services Ltd. (TSE) : The provider of services to the oil and gas industry was downgraded to “hold” from “buy” at Deutsche Bank AG. The stock plunged 22 percent to A$2.30.

Virgin Blue Holdings Ltd. (VBA) : Australia’s second- biggest carrier was raised to “buy” from “hold” at Deutsche Bank AG. Virgin Blue shares jumped 15 percent to 27 Australian cents.

Woolworths Ltd. (WOW) : Australia’s biggest retailer was cut to “neutral” from “outperform” at Credit Suisse Group AG. The shares sank 5.6 percent to A$25.75.

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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