Stocks to watch on Wednesday

Stocks to watch on the Australian stock exchange on Wednesday, July 1:

KMD - KATHMANDU - up 32 cents, or 25.6 per cent, at $1.57

New Zealand retailer Briscoe Group wants to take over Kathmandu but it's unclear whether the struggling outdoor clothing and equipment retailer wants to sell.

QAN - QANTAS AIRWAYS - up 14 cents, or 4.64 per cent, at $3.16

Qantas has lifted passenger numbers modestly as a strong performance from Jetstar and its international operations offset further weakness in its domestic business.

SGH - SLATER AND GORDON - down 22 cents, or 5.82 per cent, at $3.56

Shares in law firm Slater and Gordon have slumped amid ongoing worries about its UK business.

SYD - SYDNEY AIRPORT - up 12 cents, or 2.47 per ent, at $4.98

Sydney Airport will lower its charges for international airlines next financial year as part of a deal struck at the eleventh hour.

WES - WESFARMERS - up 32 cents, or 0.83 per cent, at $39.03

Wesfarmers-owned Coles will refund more than $12 million to small suppliers, on top of paying a $10 million court-ordered penalty for illegally squeezing them for funds.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7527-0.0105-1.38%
    AUDUSD=X
    0.4829-0.006-1.23%
    AUDGBP=X
    0.6778-0.0107-1.56%
    AUDEUR=X