Stocks to watch on the Australian stock exchange on Tuesday, August 4

AFJ – AFFINITY EDUCATION – up 8.5 cents, or 11.5 per cent, at 82.5 cents

GEM – G8 EDUCATION – up 10 cents, or 2.9 per cent, at $3.50

Childcare operator G8 Education has increased its takeover offer for rival Affinity Education to include almost $150 million in cash.

ARG – ARGO INVESTMENTS – up one cent, or 0.1 per cent, at $8.29

Investment firm Argo Investments expects the recent fall in the Australian dollar will help the local economy in the 2015/16 financial year.

CSL – CSL – down 13 cents, or 0.1 per cent, at $98.83

Biotechnology giant CSL has completed its $US275 million acquisition of Novartis’ influenza business.

FDC – FEDERATION CENTRES – down 13 cents, or 4.3 per cent, at $2.87

Shopping centres operator Federation Centres has appointed former Novion chief executive Angus McNaughton as CEO following the companies’ merger.

QFX – QUICKFLIX – suspended at 0.2 cents

Online streaming service Quickflix has suspended its shares from trading ahead of an expected announcement about a new deal.

RIO – RIO TINTO – down 66 cents, or 1.25 per cent, at $52.20

Rio Tinto has acquired 220,000 shares under the $US2 billion ($A2.74 billion) buyback scheme it launched in February.

SKE – SKILLED GROUP – up 4.5 cents, or 2.9 per cent, at $1.585

PRG – PROGRAMMED MAINTENANCE SERVICES – up 11 cents, or 4.6 per cent, at $2.50

Programmed Maintenance Services is facing a hit of up to $67.4 million in relation to its takeover of rival labour hire business Skilled Group.

TEN – NETWORK TEN – up 0.5 cents, or 2.4 per cent, at 21.5 cents

Embattled broadcaster Network Ten has hired the former head of entertainment at ITV Studios Australia to join its TV production team.

VMT – VMOTO – up one cent, or 2.4 per cent, at 43 cents

Australian manufacturer Vmoto will start selling its electric scooters in the UK and Ireland after signing an exclusive distribution agreement.