Stocks to watch on Monday
Market watch top headlines
February 25 2013, 07:09AM
Stocks to watch on the Australian stock exchange on Monday, February 25
BBG - BILLABONG INTERNATIONAL LTD - down five cents at 86 cents
The chances of Billabong being rescued by a white knight bidder may have suffered a blow after the surfwear retailer reported a first half loss and slashed its earnings guidance.
CWN - CROWN LTD - up 20 cents at $11.75
Casinos operator Crown says it can't comment at the moment on its intent towards rival casinos operator Echo, in which Crown holds a 10 per cent stake.
FXJ - FAIRFAX MEDIA LTD - down one cent at 52 cents
Fairfax Media says it has not had to cut its advertising rates in moving its broadsheet newspapers to a new compact size.
FDC - FEDERATION CENTRES - up three cents at $2.39
Federation Centres posts a $115.9 million first half net profit, compared with a $100.1 million loss in the prior corresponding period.
SGM - SIMS METAL MANAGEMENT LTD - up 57 cents at $11.24
Sims Metal Management has announced the retirement of its chief executive, and says the worst may now be over after narrowing its first half loss.
STO - SANTOS LTD - up 15 cents at $12.05
Santos has impressed investors enough with positive outlooks for more cashflow from new liquefied natural gas projects to overshadow a fall in net profit.
TEN - TEN NETWORK HOLDINGS LTD - up one cent at 29.5
Ten Network Holdings has terminated the contract of chief executive James Warburton.
TPI - TRANSPACIFIC INDUSTRIES GROUP LTD - up 10.5 cents at 90 cents
Waste management company Transpacific Industries will axe 200 jobs as it seeks to lower costs amid weakness in its manufacturing and industrial markets.