Stocks to watch on the Australian stock exchange at noon on Thursday:
BBG - BILLABONG INTERNATIONAL - down 1.75 cents, or 2.84 per cent, at 59.75 cents
Troubled surfwear retailer Billabong faces a potential class action from investors hurt by the dramatic decline in the fortunes of the company.
BOQ - BANK OF QUEENSLAND - up 21 cents, or 1.71 per cent, at $12.48
Bank of Queensland's efforts to strengthen its balance sheet has been rewarded with Moody's upgrading its long-term credit.
BSL - BLUESCOPE STEEL - up 6.00 cents, or 0.96 per cent, at $6.31
ARI - ARRIUM - up 3.75 cents, or 2.44 per cent, at $1.5725
BlueScope Steel will sell some of its assets in Western Australia in order to win regulatory approval of its $23 million purchase of the OneSteel sheet and coil business.
PNA - PANAUST - down 1.15 cents, or 0.82 per cent, at $1.82
Copper and gold miner PanAust is putting in place a succession plan to replace managing director Gary Stafford when he leaves the role in 18 months.
QAN - QANTAS AIRWAYS - up 1.00 cents, or 0.88 per cent, at $1.15
The Abbott government has introduced to parliament legislation repealing foreign ownership limits in Qantas.
SEPARATELY: Treasurer Joe Hockey has revealed he talked to Qantas chief Alan Joyce about the airline's apparent change of mind on the impact the carbon tax was having on the company's bottom line.