Stocks to watch on the Australian stock exchange on Friday, Aug 28:
CCV - CASH CONVERTERS - down 5.5 cents, or 11 per cent, at 44. cents
A $23 million law suit settlement and a massive UK restructure have plunged Cash Converters to a $21.7 million annual loss.
EGP - ECHO ENTERTAINMENT - down four cents, or 0.8 per cent, at $4.91
Casino operator Echo Entertainment will change its name to The Star Entertainment Group in a move that will see its casinos in Brisbane and the Gold Coast rebranded.
FLT - FLIGHT CENTRE - up 39 cents, or 1.1 per cent, at $36.40
The competition watchdog is taking its price fixing battle with Flight Centre to the High Court.
HVN - HARVEY NORMAN - down 10 cents, or 2.2 per cent, at $4.425
Retailer Harvey Norman expects the continuing strength in Australia's housing market will support its medium term performance, after lifting its annual profit by 27 per cent.
IFL - IOOF - up 15 cents, or 1.7 per cent, at $9.11
Financial services firm IOOF admits it was complacent in reporting misconduct allegations at its research division.
LOV - LOVISA - down nine cents, or 2.5 per cent, at $3.45
Jewellery retailer Lovisa says its overseas stores are becoming star operators and it has plans for further global expansion.
REX - REGIONAL EXPRESS - down 4.5 cents, or 4.8 per cent, at 90 cents
Falling passenger numbers due to a downturn in the mining sector has caused a 14 per cent profit fall for airline Regional Express.
SGH - SLATER AND GORDON - up 17 cents, or 5.8 per cent, at $3.12
Law firm Slater & Gordon has defended its controversial Quindell acquisition in the UK as it unveiled a number of changes to appease the corporate regulator.
WOW - WOOLWORTHS - up 35 cents, or 1.3 per cent, at $27.40
Woolworths has completed the first part of a senior leadership overhaul as it tries to recover ground lost to its major supermarket rivals.