Stocks to watch at close on Wednesday
Market watch top headlines
SYDNEY, Aug 1 AAP
August 01 2012, 7:20PM
Stocks to watch on the Australian stock exchange at close on Wednesday:
BPT - BEACH ENERGY LTD - down 1.5 cents at $1.085
Oil and gas producer Beach Energy's chairman Bob Kennedy is stepping down after almost 17 years in the position.
CTY - COUNTRY ROAD LTD - steady at $3.28
WOW - WOOLWORTHS LTD - up 15 cents at $28.72
Country Road has agreed to buy fellow fashion retailer Witchery Australia for $172 million.
CWN - CROWN LTD - up two cents at $8.47
Casino operator Crown plans to spend $568 million building a new six-star hotel at its Burswood complex in Perth.
NUF - NUFARM LTD - down nine cents at $5.38
Agricultural chemicals supplier Nufarm Ltd has conditionally agreed to pay $43.5 million to settle legal proceedings brought against the company by some of its shareholders.
PPX - PAPERLINX LTD - up 1.7 cents at 6.7 cents
The man who tried to unseat PaperlinX chairman Harry Boon has been appointed to the board of the struggling paper merchant.
RIO - RIO TINTO LTD - up 33 cents at $53.53
Global miner Rio Tinto will soon start cutting office jobs in Melbourne and Sydney to deal with falling commodity prices and soaring costs.