Stocks to watch at close on Wednesday
Market watch top headlines
Stocks to watch on the Australian stock exchange at close on Wednesday:
BHP - BHP BILLITON LTD - up 17 cents at $34.98
BHP Billiton has reportedly started looking for a replacement for chief executive Marius Kloppers, but the company would only say that succession planning was an ongoing process.
CBA - COMMONWEALTH BANK OF AUSTRALIA - up 32 cents at $57.80
Commonwealth Bank of Australia (CBA) has lifted its first quarter cash profit to about $1.85 billion but warns difficult economic conditions are beginning to hit businesses.
DOW - DOWNER EDI LTD - up 20 cents at $3.62
Downer EDI shares have soared more than seven per cent after the engineering firm said it was on track to achieve its full-year profit expectations.
HIL - HILLS HOLDINGS LTD - up one cent at 84 cents
Troubled manufacturer Hills Holdings has won a multi-million-dollar contract to provide satellite communications for the federal Department of Foreign Affairs and Trade.
HVN - HARVEY NORMAN HOLDINGS LTD - down four cents at $1.81
Retailer Harvey Norman's profit in the first quarter of the 2012/13 financial year has dropped by 20 per cent because of falling sales.
NWS - NEWS CORPORATION - up 74 cents at $24.10
NWSLV - NEWS CORPORATION NON-VOTING SHARES - up 88 cents at $23.79
News Corporation has reported in big lift in net profit despite a weak result from its Australian newspapers due to poor advertising markets and the shift of readers online.
PDN - PALADIN ENERGY LTD - down 1.5 cents at $1.055
Paladin Energy says it will slash costs by up to $US80 million ($A76.97 million) over the next two years following falls in the uranium price.
YBR - YELLOW BRICK ROAD HOLDINGS LTD - up six cents at 30 cents
MQG - MACQUARIE GROUP LTD - up 52 cents at $31.74
A financial institution run by Mark Bouris is expected to make an announcement relating to a possible major funding arrangement with Macquarie Group.