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Merlea Investment News : National
Last Updated: Mar 3rd, 2010 - 11:31:41

National News
Updated by Bourse Data
Mar 3, 2010, 08:50

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SYDNEY - Internal Labor polling has exposed a negative shift in attitude towards Prime Minister Kevin Rudd in marginal seats in Sydney's west, a report says.


STOCKS TO WATCH ON THE AUSTRALIAN STOCK EXCHANGE TODAY:


ANZ - ANZ BANKING GROUP LTD - up 24 cents at $23.83
CBA - COMMONWEALTH BANK OF AUSTRALIA - up 47 cents at $54.92
WBC - WESTPAC BANKING CORPORATION - up 20 cents at $26.73
NAB - NATIONAL AUSTRALIA BANK LTD - down one cent at $25.60
Four of Australia's biggest banks, ANZ, Westpac, St George and CBA, have announced 25 basis point interest rate increases on home loans, moving in lock-step with the Reserve Bank of Australia's (RBA) rate rise.


TTS - TATTS GROUP LTD - down 18 cents at $2.30 Gaming firm Tatts says its $850 million acquisition of NSW Lotteries from the NSW government is a natural extension of its lotteries businesses across Australia and will drive significant operating efficiencies.


TLS - TELSTRA CORPORATION LTD - down one cent at $2.93 Draft laws for the government's national broadband network company NBN Co could create a retailer rather than a wholesale network provider, Telstra says.


NUF - NUFARM LTD - down 28 cents at $9.47 Agricultural chemicals firm Nufarm will post a loss of about $40 million in the first half but expects a full year profit.


VBA - VIRGIN BLUE HOLDINGS LTD - up one cent at 64 cents Virgin Blue Holdings outgoing chief executive Brett Godfrey has flagged domestic airfares will rise in 2010. He has been replaced by former senior Qantas executive, John Borghetti.


LGL - LIHIR GOLD LTD - up four cents at $2.78 Papua New Guinea-focused gold miner Lihir Gold has unveiled plans to increase production by about 50 per cent in the next decade.


MQG - MACQUARIE GROUP LTD - up 17 cents at $46.17 Australia's biggest investment bank Macquarie Group has appointed former Lehman Brothers executive Benoit Savoret as the head of its European, Middle East and Africa (EMEA) division.


ORL - OROTONGROUP LTD - up 35 cents at $6.30 Luxury goods retailer OrotonGroup has renewed its exclusive licence agreement to sell the Polo Ralph Lauren brand.

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