1237 [Dow Jones] Broker says ABN AMRO has put HHG (HHG.AU) on its restricted list, suggesting the London funds management group might be headed for Dutch tie-up, possibly with ING. HHG up on speculation that South Africa's Old Mutual will bid A$1.81/share overnight vs last A$1.64, up 9 cents, or 5.8%. ABN AMRO not available for comment. (IGP)
1218 [Dow Jones] Senior dealer says Macarthur Coal (MCC.AU) speculation typifies hyped nature of market nowadays. MCC not likely target contrary to some reports, dealer says, with share register tight. "The market is moving at shadows at the moment," he says. MCC up 55 cents, or 10%, at A$5.85. Adds WMC Resources (WMR.AU) off Wednesday highs on Xstrata's improved bid, "is having a day off" despite reports Rio Tinto (RIO.AU) may counterbid. HHG (HHG.AU) talk has legs, he adds. "This is more likely," he says, referring to talk of Old Mutual bid at A$1.81 tonight vs last A$1.66, up 11 cents. (IGP)
