Stocks to watch at close on Tuesday

STOCKS to watch on the Australian stock exchange at close on Tuesday:

FMG - FORTESCUE METALS GROUP - up 4.0 cents, or 0.9 per cent, at $4.62

Iron ore miner Fortescue Metals Group will start reducing its $12 billion in debt from November.

LEI - LEIGHTON HOLDINGS - down 35 cents, or 1.8 per cent, at $19.15

Construction firm John Holland has won a $257 million contract for work on a rail project linking to Gina Rinehart's Roy Hill project.

NHC - NEW HOPE - down 29 cents, or 6.8 per cent, at $4.00

Coal miner New Hope's annual profit has fallen heavily due to lower coal prices, a high Australian dollar and one-off writedowns.

PMV - PREMIER INVESTMENTS - down 7.0 cents, or 0.8 per cent, at $8.31

Retailer Premier Investments is taking its children's brand Smiggle to the UK as it forecasts a sluggish Australian retail environment.

QAN - QANTAS AIRWAYS - up 0.5 cents, or 0.3 per cent, at $1.475

Qantas has announced a review of its aircraft maintenance work at Avalon, triggering union fears that up to 300 remaining engineering jobs may be made redundant.

RRL - REGIS RESOURCES - down 30 cents, or 7.5 per cent, at $3.70

Regis Resources has more than doubled its full year profit, on boosted gold sales amid higher prices.

TPM - TPG TELECOM - up 53 cents, or 14.3 per cent, at $4.23

TPG has increased customer numbers at a faster rate than last year, substantially boosting the telco's annual profit.

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