Monday, June 4, 2007

Australian Retail Stocks Drop, Led by Metcash; Woodside Gains on Oil Rise

(Bloomberg) -- Australian retail stocks dropped, led
by Metcash Ltd. after the company posted earnings that missed some
analysts' estimates and forecast next year's profit will grow by
less than 10 percent.

Woodside Petroleum Ltd. led energy-related shares higher
after crude oil prices traded near a two-week high.


Read more at Bloomberg Stocks News

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