Stocks to watch on the Australian stock exchange at noon on Wednesday:
CWN - CROWN - up 32 cents, or 1.96 per cent, at $16.65
Billionaire James Packer says an ambitious program to expand the number of Crown's integrated hotel and casino resorts in Asia and Australia is affordable.
ENV - ENVESTRA - steady at $1.135
Natural gas distributor Envestra is predicting a 30 per cent jump in profit this year despite its customers using less gas than they were a decade ago.
FMG - FORTESCUE METALS - down 2.0 cents, or 0.4 per cent, at $5.30
Fortescue Metals Group is looking to take advantage of favourable credit market conditions to lower the interest repayments on its debt.
IAG - INSURANCE AUSTRALIA GROUP - up 17 cents, or 2.9 per cent, at $6.11
Insurance Australia Group says it is on track to meet guidance for strong profit margins and higher premiums this year despite the NSW bushfires.
JBH - JB HI-FI - up 75 cents, or 3.65 per cent, at $21.29
Retailer JB Hi-Fi says it is on track to meet its full year sales targets as it continues to open new stores expands into the home appliances market.
LEI - LEIGHTON HOLDINGS - up 16 cents, or 0.9 per cent, at $17.80
Construction giant Leighton says it will fight a class action filed by shareholders seeking to recover losses stemming from the company's massive profit downgrade in 2011.
TPI - TRANSPACIFIC INDUSTRIES GROUP - up 5.0 cents, or 4.8 per cent, at $1.09
Australia's largest waste manager Transpacific Industries is looking to sell its New Zealand business, two years after the value of the assets were written down.
TLS - TELSTRA - up 1.0 cent, or 0.2 per cent, at $5.17Telstra is suing the company building the National Broadband over a commercial dispute that could be worth more than $100 million.