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Stocks to watch on Monday
July 11, 2011 - 8:04AM

tocks to watch on the Australian stock exchange on Monday:

BUG - BUDERIM GINGER LTD - untraded at 10 cents

Lack of supply coupled with high demand has been pushing up prices for ginger and macadamia nuts, says Buderim Ginger chief executive Ron O'Grady.

CXY - COUGAR ENERGY LTD - down 0.1 cents at 1.5 cents

Shares in Cougar Energy fell after the company was banned from any future underground coal gasification (UCG) activities in Queensland.

LYC - LYNAS CORPORATION LTD - up 17 cents at $2.01

Australia's biggest rare earths company, Lynas, has teamed up with German giant Siemens to produce magnets for use at wind farms.

NWS - NEWS CORPORATION - up 22 cents at $16.77

NWSLV - NEWS CORPORATION NON-VOTING - up 18 cents at $16.25

The public outrage over the phone hacking scandal in Britain has forced David Cameron's government to push back a decision on media baron Rupert Murdoch's bid for pay-TV giant BSkyB until September.

News Corp has announced it will close the 168-year-old News of the World newspaper.

OST - ONESTEEL LTD - down one cent at $2.03

OneSteel is seeking to reduce its use of coking coal in steel manufacturing, but says the sector is technologically constrained in its ability to reduce carbon emissions. (

RIO - RIO TINTO LTD - up 80 cents at $84.35

Rio Tinto has appointed British banker John Varley, the former chief executive of Barclays, as a non-executive director

TAN - TANDOU LTD - up two cents at 43 cents

Cotton and grain grower Tandou is forecasting a turnaround in its profitability due to a doubling of income from its expanding water entitlements business.

TWR - TOWER LTD - up three cents at $1.15

New Zealand's only listed insurance company, Tower, says it has completed the purchase of reinsurance cover in the event of another catastrophe in the current financial year

WPG - WPG RESOURCES - up 6.5 cents at 95.5 cents

WPG Resources isset to join the ranks of iron ore producers following the South Australian government's go-ahead to develop the Peculiar Knob mine in the Woomera Prohibited Area.