Stocks to watch at close on Thursday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Thursday:
APN - APN NEWS & MEDIA LTD - down 2.5 cents at 71 cents
Media and advertising company APN is moving into online retail, paying $36 million for a controlling stake in brandsExclusive.
BBG - BILLABONG INTERNATIONAL LTD - in a trading halt, last traded at $1.83
Surfwear company Billabong has launched a $225 million fund raising venture it says is vital for its future.
BHP - BHP BILLITON LTD - down 40 cents at $32.20
An Aboriginal elder has returned to the Federal Court to tell "a good story" in his bid to block the $30 billion expansion of the Olympic Dam copper, uranium and gold mine in South Australia's north.
FUN - FUNTASTIC LTD - in a trading halt, last traded at 16 cents
Toy distributor Funtastic Limited says it has raised up to $24.6 million to reduce bank debt and improve its gearing ratios.
FXJ - FAIRFAX MEDIA LTD - steady at 59 cents
Unions are asking Fair Work Australia to force Fairfax to meet with them to discuss its future plans for the company and explain the logic behind its decision to cut 1900 jobs.
PEA - PACIFIC ENERGY LTD - up two cents at 46 cents
IGO - INDEPENDENCE GROUP NL - down 13 cents at $3.55
AGG - ANGLOGOLD ASHANTI LTD - up 13 cents at $7.26
West Australian power company Pacific Energy will build a power station at the Tropicana gold project, its largest project win for several years.
QAN - QANTAS AIRWAYS LTD - down two cents at $1.14
Qantas will cut more than 100 jobs at Sydney Airport as it transfers its component maintenance operations to Melbourne.
TLS - TELSTRA CORPORATION - up cent at $3.60
Musicians says the latest music streaming service, launched by Telstra, will help the industry suffer less from illegal downloading.