Stocks to watch on the Australian stock exchange at noon on Monday:
GNC - GRAINCORP - down 17.5 cents, or 2.01 per cent, at $8.545
Outgoing GrainCorp chief executive Alison Watkins is heading to beverages supplier Coca-Cola Amatil (CCA) as group managing director.
SEPARATELY: The Obama administration is disappointed at the decision to block a US takeover of Australia's largest agribusiness.
MTS - METCASH - up 18.5 cents, or 6.07 per cent, at $3.235
Grocery wholesaler Metcash has lifted its first half profit more than 20 per cent thanks to its exit from the Franklins line of supermarkets, which removed a drag on its balance sheet.
QAN - QANTAS AIRWAYS - steady, at $1.22
Prime Minister Tony Abbott has left the door open to allow greater foreign ownership of Qantas, but says any decision must be in the national interest.