News Headline Summary

Pre-market Australian stock news...

BHP Billiton (BHP AT)
- Escondida copper mine workers in Chile halted their strike. (Newswires)
- Co. says US SEC and DOJ have recently notified the Co. of issues they consider could form the basis of enforcement actions in which discussions are continuing. The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of sponsorship of 2008 Beijing Olympics. (Newswires)

Fortescue (FMG AT)
- Co. is to get USD 1.15bln investment from Formosa in Iron Bridge, with the transaction subject to FIRB approval in which Formosa will obtain 31% JV interest in Fortescue's Iron Bridge. (Newswires)

Fairfax Media (FXJ AT)
- Co. is considering selling hotel website Stayz, as the media group continues to offload its assets, increasing the prospect of a break-up of the company. (The Australian)

- Co. has turned away from Lloyds's remaining Australian business, leaving Westpac and ANZ as the most likely of the major banks to snap up the loans, valued at about USD 1bln. (The Australian)

Goodman Group (GMG AT)
- Co. says it has USD 3.6bln of firepower to launch deeper into international logistics property markets. (The Australian)

Wesfarmers (WES AT)
- Co. is investing another USD 2.3bln in its retail and industrial operations and is eyeing acquisitions. (AFR)

Leighton Holdings (LEI AT)
- Germany’s HOCHTIEF intends to increase its majority stake in the Co. (AFR)

- Co. report 9-month unaudited cash profit AUD 4.8bln. (Newswires)
- Co. says FY revenue growth was slower than last year and that group net interest margin down 2bps vs. end-March.

Domino’ Pizza (DMP AT)
- Co. shares are expected to resume trading today.
- Co. an undertaking entitlement offer priced at AUD 10.20 per share which is a 10.6% discount to dividend adjusted TERP of AUD 11.40. (Newswires)

Santos (STO AT)
- H1 net AUD 271mln vs. Exp. AUD 262mln. (Newswires)

15 Aug 2013 - 23:11 - Energy - Source: Newswires/The Australian/Australian Financial Review

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