Stocks to watch on the Australian stock exchange on Wednesday, Oct 23:
APN - APN NEWS & MEDIA - up 3.5 cents, or 8.3 per cent, at 45.5 cents
Regional media group APN News and Media is moving to sell its remaining stake in its outdoor advertising business to a private equity group.
BGA - BEGA CHEESE - down 8.0 cents, or 2.0 per cent, at $4.00
WCB - WARRNAMBOOL CHEESE AND BUTTER - down 1.0 cent, or 0.1 per cent, at $8.10
Bega Cheese says the share market is lifting the value of its takeover offer for Warrnambool Cheese and Butter Factory every day.
BHP - BHP BILLITON - up 85 cents, or 2.4 per cent, at $37.05
BHP Billiton has upgraded its iron ore production guidance for the fiscal year from 207 to 212 million tonnes after beating forecasts during the September quarter.
BKL - BLACKMORES - down 89 cents, or 3.4 per cent, at $25.11
Health products maker Blackmores' profit fell by 31 per cent in the first quarter of the financial year due to falling sales in Australia.
BKN - BRADKEN - up 35 cents, or 5.7 per cent, at $6.45
Engineering firm Bradken says the first half of the financial year has so far proved challenging due to slowing project investment, but it still expects it full year performance to be in line with the previous year.
DJS - DAVID JONES - down 6.0 cents, or 2.1 per cent, at $2.79
Department store David Jones could take up to six months to find a replacement for chief executive Paul Zahra, and is likely to look overseas, analysts say.
MGR - MIRVAC GROUP - up 3.5 cents, or 2.0 per cent, at $1.795
Property group Mirvac says it is on track to reach its full year earnings targets as it works to put a disappointing 2012/13 result behind it.
OSH - OIL SEARCH - up 1.0 cent, or 0.1 per cent, at $8.65
Oil Search lifted production during the September quarter but sold less oil and gas.
RHL - RURALCO - down 33 cents, or 9.5 per cent, at $3.16
Agribusiness Ruralco Holdings expects its reported annual profit to fall sharply as a result of lower livestock prices and lower sales of agricultural chemicals due to drought.
SDL - SUNDANCE RESOURCES - down 2.0 cents, or 15.4 per cent, at 11 cents
Africa-focused iron ore hopeful Sundance Resources will raise $40 million to develop its Mbalam-Nabeba Iron Ore project in the Republics of Cameroon and Congo.
SXL - SOUTHERN CROSS MEDIA GROUP - down 0.5 cents, or 0.3 per cent, at $1.865Southern Cross Media's shareholders have delivered a first strike against the broadcaster for its executive pay policy.