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February 07 2013, 07:29AM

Stocks to watch on the Australian stock exchange on Thurs, Feb 7, 2013

ARI - ARRIUM LTD - up 0.5 cents at 94 cents

Arrium has taken a writedown of almost $500 million on the value of its steel division that analysts say reflects its lack of value amid a high Australian dollar and weak construction markets.

AIO - ASCIANO LTD - up one cent at $4.83

Coal industry rail drivers in NSW are still due to strike for 48 hours from Friday after mediation talks broke down.

BHP - BHP BILLITON LTD - up 34 cents at $37.52

BHP Billiton has told workers at its Olympic Dam project about further losses as the global miner seeks to slash costs.

GLB - GLOBE INTERNATIONAL LTD - steady at 45 cents

The board of skate and snow clothing label Globe International has slammed the two strikes executive pay law that forced it to hold a board spill meeting that it survived.

NWS - NEWS CORPORATION LTD - up 21 cents at $27.49


News Corp companies have been targeted again by Chinese hackers, Rupert Murdoch says.

PRY - PRIMARY HEALTH CARE LTD - steady at $4.49

Medical centres operator and pathology group Primary Health Care is on track to lift its 2013 earnings after cost cuts helped deliver a first half profit surge.

QAN - QANTAS AIRWAYS LTD - up one cent at $1.545

The strong Australian dollar continues to be a challenge for Qantas as it competes globally for tourism business.

REA - REA GROUP - up 71 cents at $21.71

Online real estate advertiser REA Group says more people are taking up mobile apps to access information on real estate.

RHL - RURALCO HOLDINGS LTD - up one cent at $3.36

Agribusiness Ruralco Holdings says it has made several acquisitions in key regional locations to broaden its geographic reach.

SUN - SUNCORP GROUP LTD - up three cents at $10.98

Insurance group Suncorp Group has received about 23,000 claims associated with ex-tropical cyclone Oswald, saying the cost of claims will be limited to no more than $220 million.

WOW - WOOLWORTHS LTD - up 87 cents at $32.65

Grocery giant Woolworths says as many as 200 staff could be affected by its decision to outsource road transport services to trucking company Linfox in Victoria.