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Stocks to watch at noon on Thursday

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Stocks to watch



November 29 2012, 12:03AM

Stocks to watch on the Australian stock exchange at noon on Thursday:

BHP - BHP BILLITON LTD - up 10 cents, or 0.29 per cent, at $34.10

BHP Billiton chairman Jac Nasser says he does not expect any significant increase in iron ore prices soon, following a year of heavy falls in Australia's biggest export earner.

SEPARATELY: Four abseilers are dangling from the Sydney Convention Centre as part of an environmental protest outside BHP Billiton's annual general meeting.

IAG - INSURANCE AUSTRALIA GROUP LTD - down one cent, or 0.22 per cent, at $4.45

The former head of eBay in Australia, Alison Deans, has joined the board of Insurance Australia Group (IAG).

QAN - QANTAS AIRWAYS LTD - up one cent, or 0.76 per cent, at $1.32

A union has accused Qantas of censorship after the airline pulled a series of in-flight advertisements promoting jobs for Australians in the mining sector.

RIO - RIO TINTO LTD - up 49 cents, or 0.86 per cent, at $57.19

Mining giant Rio Tinto plans to cut spending and make savings worth billions of dollars in the next few years due to volatile market conditions.

SGP - STOCKLAND - up three cents, or 0.89 per cent, at $3.41

Property group Stockland has appointed a fund manger with UBS, Mark Steinert, as its new chief executive.