Stocks to watch on the Australian stock exchange at noon on Tuesday:
ACO - AUSTRALIAN CAREERS NETWORK - last traded at $3.43
An education training provider is facing a court battle over claims that it reaped $100 million from the federal government after allegedly misleading students to sign up for courses.
BBG - BILLABONG - down 16.00 cents, or 22.86 per cent, at 54 cents
Shares in surfwear retailer Billabong have dived 16 per cent after it revealed the lower Australian dollar and weakness in the north American market had dented earnings in the first four months of fiscal 2016.
BCI - BC IRON - steady at 25 cents
BC Iron says it's doing okay in the face of falling iron ore prices and might even diversify into gold or base metals in the future.
BKW - BRICKWORKS - up 21.00 cents, or 1.4 per cent, at $15.20
Building products and property group Brickworks expects improved full year earnings on the back of a rise in building approvals and a big backlog of work.
HVN - HARVEY NORMAN - steady at $4.05
Harvey Norman executive chairman Gerry Harvey has again defended the retailer's remuneration policy in the face of opposition from the Australian Shareholders Association.
QUB - QUBE HOLDINGS - down 3.00 cents, or 1.25 per cent, at $2.37
Logistics company Qube Holdings, which is in a takeover battle for rail and ports operator Asciano, expects trading conditions to remain difficult in fiscal 2016.
TCL - TRANSURBAN - in a trading halt, last traded at $10.32
Transurban is launching a $1.025 billion equity raising to help fund the toll road operator's $1.870 billion purchase of Brisbane's AirportLinkM7 tunnel.
TWE - TREASURY WINE ESTATES - down 5.00 cents, or 0.65 per cent, at $7.62
Treasury Wine Estates managing director Michael Clarke delivers a speech to Australia Israel Chamber of Commerce in Adelaide.