Stocks to watch on the Australian stock exchange on Tuesday, Dec 10:
AMC - AMCOR - steady at $11.04
Multinational packaging firm Amcor says the positives outweigh the disadvantages in separating its packaging distribution business to form a new company, Orora.
ERA - ENERGY RESOURCES OF AUSTRALIA - down 16.5 cents, or 12.7 per cent, at $1.135
Investors have sold out of Energy Resources of Australia after a toxic leak at the company's Ranger uranium mine in the Northern Territory over the weekend.
MTS - METCASH - up 13 cents, or 4.3 per cent, at $3.15
Retailer Metcash is splitting its food and grocery business into two, reversing a 2012 decision to merge the operations.
PNA - PANAUST - down 4.5 cents, or 2.7 per cent, at $1.625
Laos-focused copper and gold producer PanAust said full year earnings will be at the lower end of its target range due to higher costs.
QAN - QANTAS AIRWAYS - down 3.5 cents, or 3.4 per cent, at 99.5 cents
Budget airline Jetstar will establish a new cabin crew and pilot base in Adelaide after cutting back on services from Darwin.
QBE - QBE INSURANCE - down $3.45, or 22.3 per cent, at $12.00
Shares in insurance giant QBE have dropped almost 20 per cent after the company flagged a $250 million net loss this year.
TPM - TPG TELECOM - up 56 cents, or 13.6 per cent, at $4.68
NZ Telecom has sold its Australian AAPT unit for $450 million to internet service provider TPG Telecom, beating initial expectations of what the unit would go for.
WDR - WESTERN DESERT RESOURCES - up 3.5 cents, or five per cent, at 74 cents
The largest new mine in the Northern Territory for 20 years has been opened in the Roper Region - Western Desert Resources' Roper Bar iron ore mine.