Stocks to watch at close on Wednesday
STOCKS of interest on the Australian Securities Exchange at close on Wednesday
Business Breaking News
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STOCKS to watch on the Australian stock exchange at close on Wednesday:
AGK - AGL ENERGY - up 71 cents, or 4.94 per cent, at $15.08
AGL Energy's boss says the company has outstripped its rivals and tripled its full year profit because it didn't vigorously embrace a price-discounting war.
BCI - BC IRON - up 23 cents, or 5.68 per cent, at $4.28
Shares in iron ore miner BC Iron have reached an all-time high following a record production run.
MTS - METCASH - down 20 cents, or 5.8 per cent, at $3.25
Grocery wholesaler Metcash says a price war between Coles and Woolworths and weak consumer confidence continue to hurt smaller supermarket chains
TSE - TRANSFIELD SERVICES - up nine cents, or 11.1 per cent, at 90 cents
Construction and maintenance group Transfield Services will continue to axe jobs, cut costs and sell assets, after reporting a $250 million annual loss.
WCB - WARRNAMBOOL CHEESE - steady $4.45
The strong Australian dollar and high dairy prices have hit Warrnambool Cheese and Butter's annual profit, but the company maintains a glass half full outlook.
WOW - WOOLWORTHS - up 68 cents, or 2.01 per cent, at $34.59
Woolworths hopes the end of the federal election campaign will boost consumers' confidence and encourage them to spend more.
WTF - WOTIF.COM - down 32 cents, or 6.36 per cent, at $4.71
Online travel and accommodation agency Wotif.com's annual profit has slumped 12 per cent as tourists used the strong Australian dollar to journey further from home.