Stocks of interest on the Australian Securities Exchange on Wednesday:
CCL – COCA COLA AMATIL – up 43.0 cents, or 4.39 per cent, at $10.23
Drinks supplier Coca-Cola Amatil says it’s on track to return the business to mid single-digit earnings growth over the next few years.
CSR – CSR – up 29 cents, or 7.73 per cent, at $4.04
Building products maker CSR says it’s poised to cash in on improved conditions in the construction industry after reporting a solid lift in its profit.
NAB – NATIONAL AUSTRALIA BANK – down 16.37 cents, or 0.47 per cent, at $34.54
National Australia Bank shares have dropped slightly in response to the lender’s massive $5.5 billion capital raising.
ORI – ORICA LTD – up 70 cents, or 3.47 per cent, at $20.89
Orica’s profit has slumped by three per cent as the explosives maker revises down its guidance and declares the mining boom over.
QAN – QANTAS AIRWAYS – up 24 cents, or 7.23 per cent, at $3.56
Qantas Airways is on track to cut its debt by $1 billion by the 2015 financial year as part of a huge revamp of the airline.