Stocks to watch at close on Thursday
Market watch top headlines
SYDNEY, Nov 29 AAP
November 29 2012, 4:21PM
Stocks to watch on the Australian stock exchange at close on Thursday:
BHP - BHP BILLITON LTD - up 21 cents at $34.21
BHP Billiton has been forced to defend the size of its dividends and other cash returns by some angry shareholders at its annual general meeting..
IAG - INSURANCE AUSTRALIA GROUP LTD - up five cents at $4.60
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 at $1.32
A decision by Qantas to pour millions of dollars into state-based bodies after ditching Tourism Australia could be "very dangerous", former Victorian premier Jeff Kennett says.
RIO - RIO TINTO LTD - up 48 cents at $57.18
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.
SEK - SEEK LTD - down eight cents at $6.60
Online employment group Seek says job ads in Australia and New Zealand are down so far in 2012/13.
SGP - STOCKLAND - up five cents at $3.43
Property group Stockland has appointed a fund manger with UBS, Mark Steinert, as its new chief executive.