Stocks to watch
Stocks to watch on the Australian stock exchange:
MYR - MYER - up 1.0 cent, or 1.4 per cent, at 73 cents
Myer has posted an 80 per cent drop in full-year statutory profit and says it will close a further three stores, as it struggles to turn around sluggish sales amid weak consumer spending and growing industry competition.
S32 - SOUTH32 - down 3.0 cents, or 0.9 per cent, at $3.20
Diversified global miner South32 has reiterated its support for a carbon pricing mechanism, adding its voice to the growing chorus from corporate Australia calling for clear government policy.
VOC - VOCUS GROUP - up 1.0 cent, or 1.9 per cent, at $2.42
SGH - :SLATER AND GORDON - up 0.2 cents, or 2.9 per cent, at 7.1 cents
Law firm Slater and Gordon has launched a proposed class action against Vocus Group, alleging the telecommunications provider engaged in "misleading and deceptive conduct" and breached disclosure obligations.
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