News Headline Summary

Pre-market Australian stock news...

Fortescue Metals (FMG AT)
- Sees indicative bids for stake in port and rail infrastructure due mid-month. (Australian Financial Review)

Rio Tinto (RIO AT)
- BlackRock holds 5.02% voting power in Rio Tinto. (Newswires)

News Corp (NWS AT)
- Close to an agreement to sell its IGN Entertainment websites to J2 Global Inc.’s Ziff Davis, according to sources. (Newswires)

Discovery Metals (DML AT)
- Cathay Fortune to let Discovery bid lapse after offer conditions breached. (Newswires)

Sundance (SDL AT)
- Co. request for extension to voluntary suspension, expects to lift suspension after confirmation of Hanlong provisional NDRC approval extension before start of trade Feb.11 (Newswires)

Broker moves
- Virgin Australia (VAH AT) raised to neutral at Macquarie.

03 Feb 2013 - 22:36 - - Source: Newswires/Australian Financial Review

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: