Stocks to watch on the Australian stock exchange at noon on Thursday:
IAG - INSURANCE AUSTRALIA GROUP - down 19.5 cents, or 3.38 per cent, at $5.575
Insurance Australia Group (IAG) has lifted its guidance on insurance margins for the 2013/14 financial year but has reduced expected growth in premiums.
NCM - NEWCREST MINING - up 6.00 cents, or 0.64 per cent, at $9.40
Gold mining giant Newcrest has lifted production six per cent and expects full year output to be near the top of its guidance range.
STO - SANTOS - up 6.00 cents, or 0.42 per cent, at $14.32
Energy giant Santos has lifted its December quarter sales revenue 21 per cent thanks to stronger oil production and prices.
WCB - WARRNAMBOOL CHEESE AND BUTTER FACTORY - up 3.00 cents, or 0.32 per cent, at $9.45
Canadian dairy giant Saputo's takeover bid for Warrnambool Cheese and Butter Factory continues, with it announcing it now has almost 58 per cent of shares in WCB.
WHC - WHITEHAVEN COAL - up 0.5 cents, or 0.27 per cent, at $1.885
Whitehaven Coal has lifted production and sales sharply, but the company expects a slight decrease in prices for its metallurgical coal in early 2014.