share price

Australian based construction company, Leighton Holdings (ASX:LEI) has seen their shares jump 8 percent or $1.32 to close at $17.05 after confirmation that its desalination plant is producing drinking water.

• SMH reported a possible rumour that, "a French construction company could be interested in Hochtief's Australian asset, Leighton Holdings."

Industrial services company Spotless Group (SPT) is suggesting for a higher takeover price as it requests its bidder Pacific Equity Partners (PEP) to raise its offer to $2.80 a share from its previous $2.68 offer last December. This will increase the company's value from $711 million to $743 million.

Fortescue Metals (ASX:FMG) chief Nev Power expressed his disappointment with the company's share price and is out to boost this price by ending scepticism.

Power said the price will rise when the sceptics have heard the iron ore miner's story. While he believes that the share price did well, he said it should have done better.

Biotech Phosphagenics (ASX:POH), a junior biotechnology and cosmetics company would release a new cosmetic skin cream that delivers fat-reducing compounds into the skin. The anti- cellulite cream, known as BodyShaper Cellulite Contour Crème, uses its patented TPM technology with other fat burning chemicals like AOP 9604 (licensed from Calzada), caffeine and forskolin to deliver active compounds directly into the skin.