Stocks to watch at noon on Thursday

Stocks to watch on the Australian stock exchange at noon on Thursday:

AGO - ATLAS IRON - up 1.5 cents, or 2.63 per cent, at 58.5 cents

Atlas Iron will work to cut costs by up to nine per cent, amid a slide in iron ore prices.

IAG - INSURANCE AUSTRALIA GROUP - up 13.5 cents, or 2.23 per cent, at $6.175

Insurance Australia Group is on track for a strong full year result after paying out less than expected in claims for natural disasters such as floods and bushfires.

MCG - MACQUARIE GROUP - down $1.25, or 2.04 per cent, at $60.02

Macquarie Group is sticking with its full year profit guidance, despite a disappointing first quarter.

NCM - NEWCREST MINING - down 45.5 cents, or 3.96 per cent, at $11.035

Newcrest has beaten its annual gold and copper production targets, but warns it is facing a hit of up to $2.5 billion after reviewing its mining assets.

QFX - QUICKFLIX - up 0.2 cent, or 15.38 per cent, at 1.5 cents

The Australian online media player is reportedly attracting interest from US movie and TV streaming giant Netflix. The Australian reports Netflix has held talks with Quickflix about buying a stake in the Perth-based company.

TLS - TELSTRA - up 2.5 cents, or 0.46 per cent, at $5.475

Telstra plans to send 671 Australian jobs to Asia as part of plans to expand in the region. It has told staff that it will begin outsourcing roles to partners in Asia from September.