Stockwatch Week to March 21

Written by admin on 30/07/2019 Categories: 佛山桑拿网

A round-up of some of the key stock movements on the Australian Stock Exchange (ASX) in the trading week to Friday, March 21, 2014:

DJS – DAVID JONES – down 18 cents, or 5.

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45 per cent, at $3.12

David Jones says a lower Australian dollar has helped it to pinch customers back from international online rivals.

Chief executive Paul Zahra also says Myer’s $3 billion merger proposal doesn’t make sense for his company in its current form.

LEI – LEIGHTON HOLDINGS – down 33 cents, or 1.54 per cent, at $21.04

Hochtief has flagged widespread job cuts to construction group Leighton Holdings’ 56,000-strong global workforce as shareholders consider a $1.2 billion bid to increase its stake in the company.

MYR – MYER – down 24 cents, or 8.86 per cent at $2.47

Myer chief Bernie Brookes is adamant better times are ahead for the retailer, but shareholders will have to wait until at least 2015 to see sales and profit improve.

MTS – METCASH – down 30 cents, or 9.5 per cent, at $2.85

Grocery wholesaler Metcash has announced a $480 million overhaul of its business after earlier downgrading its 2014 earnings guidance.

NUF – NUFARM – up 27 cents, or 6.89 per cent, at $4.19

Agricultural chemicals and seeds supplier Nufarm will cut 105 jobs as part of a cost-cutting restructure of its Australian operations.

ORG – ORIGIN ENERGY – up 10 cents, or 0.7 per cent, at $14.43

Origin Energy has restarted drilling on five of 12 southeast Queensland rigs where operations were suspended due to asbestos contamination.

SGP – STOCKLAND – down 12 cents, or 3.13 per cent, at $3.72

ALZ – AUSTRALAND – up 26 cents, or 6.72 per cent, at $4.13

Property developer Stockland has bought a major stake in fellow developer Australand, as its former major stakeholder offloads its shares.

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