Stocks to watch on the Australian stock exchange on Wednesday:
AIO - ASCIANO - steady at $9.01
Rail and ports giant Asciano expects to hold its own despite tough market conditions, underlining its worth amid a long running takeover battle.
AGO - ATLAS IRON - up 0.4 cents, or 33.3 per cent, at 1.6 cents
The iron ore miner reported a half year loss of $114 million following substantial writedowns and falls in the iron ore price.
AVG - AUSTRALIAN VINTAGE - up one cent, or 2.4 per cent, at 42.5 cents
Winemaker Australian Vintage expects profit to grow now it has terminated the lease of the Del Rios vineyard in Victoria.
BCI - BC IRON - down one cent, or 7.7 per cent, at 12 cents
Iron ore miner BC Iron is looking to sell low grade iron ore to Fortescue Metals Group after reporting a $72.9 million half year loss amid falling prices.
BGA - BEGA CHEESE - up 12 cents, or 2.1 per cent, at $5.74
Bega Cheese has more than doubled its first half profit to $14.5 million as cost cuts helped offset weaker diary prices.
CVW - CLEARVIEW - down one cent, or 1.1 per cent, at 88 cents
Life insurer and financial adviser ClearView Wealth's half year profit fell 2.5 per cent to $7.54 million.
FLT - FLIGHT CENTRE - down 22 cents, or 0.5 per cent, at $40.28
Flight Centre has announced plans to expand further into mainland China and Europe after unveiling a 16 per cent jump in profit helped by record global sales.
FMG - FORTESCUE METALS - down 10 cents, or 4.8 per cent, at $2.00
Iron ore miner Fortescue will continue to cut costs after its first half profit slipped four per cent to $US319 million.
MAQ - MACQUARIE TELECOM - up 75 cents, or 8.8 per cent, at $9.25
Macquarie Telecom has swung to an interim net profit, driven by the telecommunication group's five per cent revenue lift, and upgraded its annual earnings forecast.
MEA - MCGRATH - down 25 cents, or 14.7 per cent, at $1.45
Recently-listed residential real estate company McGrath has posted a sharp fall in first half net profit, primarily because of costs related to its initial public offering.
QUB - QUBE HOLDINGS - up one cent, or 0.45 per cent, at $2.22
Logistics firm Qube's half year net profit dropped 10 per cent to $49 million, partly due to costs associated with its Asciano takeover bid.
REX - REGIONAL EXPRESS - down four cents, or 4.6 per cent, at 83 cents
Regional Express has posted its first loss in more than a decade due to the loss of a defence force contract.
RCG - RCG CORPORATION - in a trading halt at $1.65
The rise of `athleisure' has helped the retailer behind Vans, Skechers and The Athlete's Foot smash half year profit records, and the company says the fashion trend is here to stay.
SGH - SLATER AND GORDON - suspended at 83 cents
Law firm Slater & Gordon has voluntarily suspended its shares from trading as it prepares to declare an impairment on its troubled UK business.
SLK - SEALINK - down four cents, or one per cent, at $3.96
SeaLink Travel has agreed to buy Captain Cook Cruises in Western Australia for $12 million, as the ferry and tour operator expects a tourism lift from the recent opening of Elizabeth Quay.
SRX - SIRTEX MEDICAL - down $2.43, or 6.7 per cent, at $33.75
Cancer treatment developer Sirtex Medical says it has plenty of growth opportunities after a 47 per cent lift in half year profit.
TLS - TELSTRA - down one cent, or 0.2 per cent, at $5.16
Telstra has selected the boss of rail and ports operator Asciano as its new chairman to oversee the mobile giant's growth, particularly in Asia.
WES - WESFARMERS - down $2.12, or 4.9 per cent, at $41.50
Losses from the group's coal mines partly offset earnings gains from Coles and Bunnings, with half year net profit up 1.2 per cent to $1.39 billion.
WFD - WESTFIELD GROUP - down two cents, or 0.2 per cent, at $9.69
Westfield Corporation made a $US2.3 billion ($A3.19 billion) full year profit on the back of higher sales at its offshore shopping malls.
WOR - WORLEYPARSONS - down 55 cents, or 13.1 per cent, at $3.66
WorleyParsons will not pay an interim dividend after first half profit slumped 78 per cent to $23.1 million.