Buy

Airline carrier, Air New Zealand (ASX:AIZ) have bought a stake in Virgin Blue (ASX:VBA) declaring plans to buy up to 14.99% of the company. AIZ have obtained approval from the Australian Foreign Investment Review Board. Neither airline would disclose the exact size of the current stake.

Telstra (ASX:TLS) has provided a warning to shareholders of unsolicited offers to buy Telstra shares. The company making the unsolicited Buy orders from individual shareholders is called National Capital Corporation Pty Ltd (NCC was incorporated on October 22 with 100 x $1 shares on issue. The company is run by a sole shareholder, Ben Hirvi, 22, of Shailer Park, south of Brisbane.

Billabong (ASX:BBG), an Australian surfwear retailer has announced that it is buying RVCA, a clothing brand from California, USA. BBG said that RVCA is a "progressive apparel brand" and is "an art and design-driven brand focusing on a diverse range of activities that both represent and inspire youth", with the company chief executive officer Derek O'Neill saying RVCA was "one of southern California's most exciting emerging brands."

Tatts Group Limited (TTS) has bought NSW Lotteries from the state government. The public gambling, wagering and lottery company will be given a 40 year licence to run the gaming. The deal is worth just over $1 billion. Taxpayers will benefit from the sale.