Stocks of interest on the Australian Securities Exchange on Wednesday:
IAG – INSURANCE AUSTRALIA GROUP – down 14 cents, or 2.5 per cent, at $5.52
SUN – SUNCORP GROUP – down 10 cents, or 0.75 per cent, at $13.30
QBE – QBE INSURANCE – down 27 cents, or 1.9 per cent, at $14.23
The series of severe storms that wreaked havoc along Australia’s east coast in April and May have left a $1.55 billion damage bill.
RFG – RETAIL FOOD GROUP – down 13 cents, or two per cent, at $6.36
Gloria Jeans and Crust Pizza owner, Retail Food Group, faces an $18.5 million hit to its bottom line but remains confident of lifting its annual profit.
SPO – SPOTLESS GROUP – down three cents, or 1.4 per cent, at $2.12
Catering and cleaning group Spotless has signalled plans to move into the power sector with a deal to buy a utilities company.
VRT – VIRTUS HEALTH – down $1.52, or 19.9 per cent, at $6.11
Virtus Health shares have fallen after the IVF provider lowered its full year profit guidance.