Stocks to watch on the Australian stock exchange at the close on Thursday:
AGL - AGL ENERGY - down two cents, or 0.13 per cent, to $15.07
Energy giant AGL has flagged it will make modest job cuts as part of a revamp of its executive team.
ANZ - ANZ BANKING GROUP - up eight cents, or 0.22 per cent, at $36.02
ANZ is paying back $30 million to financial planning customers who failed to get the service they paid for.
CGF - CHALLENGER - down two cents, or 0.28 per cent, to $7.23
Financial services group Challenger has enjoyed a strong start to the year, lifting funds under management to $58.7 billion.
FMG - FORTESCUE METALS GROUP - up 10 cents, or 5.39 per cent, at $1.955
Fortescue Metals has achieved a significant reduction in costs, giving it hope of staving off losses due to the fall in iron ore prices.
ILU - ILUKA RESOURCES - down 66 cents, or 7.9 per cent, to $7.70
Iluka Resources has blamed falling demand for its mineral sands products for a drop in sales revenue in the March quarter.
NEC - NINE ENTERTAINMENT - up eight cents, or 3.7 per cent, at $2.23
Nine Entertainment will boost shareholder returns and consider acquisitions after the $640 million sale of its ticketing and events arm to an Asian private equity giant.
PFL - PATTIES FOODS - up one cent, or 0.8 per cent, at $1.24
The maker of Nanna's frozen berries says its own tests have detected no trace of hepatitis A in its recalled products, and the Victorian Department of Health found a trace amount in one packet during a random test of eight.
WPL - WOODSIDE PETROLEUM - up seven cents, or 0.2 per cent, at $35.48
Energy giant Woodside Petroleum has warned a long downturn in oil prices will reduce its profit and shareholder payouts.