Stocks to watch on the Australian stock exchange on Friday, May 10
BBG - BILLABONG INTERNATIONAL LTD - shares suspended, last traded at 45.5 cents
Shares in Billabong have been suspended from trading as the struggling surfwear retailer continues talks over a possible takeover or other transaction.
CTX - CALTEX AUSTRALIA LTD - up 32 cents at $21.67
Caltex's first quarter profit has jumped almost 80 per cent but, the company says, refiners' margins are likely to be squeezed as capacity in Asia and the Middle East grows.
MGR - MIRVAC GROUP - up 2.5 cents at $1.745
Property group Mirvac says it is on track to meet its full year financial guidance after a review of its business.
NAB - NATIONAL AUSTRALIA BANK LTD - down 69 cents at $32.68
More rate cuts are on the horizon after National Australia Bank joined its wealthy rivals with a $2.9 billion six month profit.
NWS - NEWS CORPORATION LTD - up 90 cents at $32.47
NWSLV - NEWS CORPORATION LTD NON-VOTING SHARES - up 85 cents at $32.36
News Corporation's Australian newspapers continue to weigh on earnings while the company's planned split into entertainment and publishing segments is on target to be completed by the end of June.
RIO - RIO TINTO LTD - down 70 cents at $58.20
Rio Tinto has copped a serve from its shareholders for what they see as miserly dividend payouts from the mining giant.
STO - SANTOS LTD - up 18 cents at $12.83
Santos has flagged that it could return more cash to shareholders through higher dividends.