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Stocks to watch

Stocks to watch on the Australian stock exchange:

AMP - AMP LTD - down 15 cents, or 2.9 per cent, at $5.07

AMP chief executive Craig Meller will retire at the end of the year after five years in charge of the banking and wealth management giant.

AHF - AUSTRALIAN DAIRY FARMS - up 7.5 cents, or 68.2 per cent, at 18.5 cents

Shares in Australian Dairy Farms are up more than two thirds after the company said that it will convert to organic production for infant formula markets here and overseas.

BEN - BENDIGO AND ADELAIDE BANK - down 21 cents, or 2.1 per cent, at $9.94

Bendigo and Adelaide Bank has announced long-serving chief executive Mike Hirst will retire in July. He will be replaced by Marnie Baker, the bank's first female CEO.

CBA - COMMONWEALTH BANK - down 79 cents, or 1.1 per cent, at $72.02

Three senior executives are leaving Commonwealth Bank as incoming chief executive Matt Comyn overhauls his leadership team. The executives are chief information officer David Whiteing, institutional banking and markets group executive Kelly Bayer Rosmarin, and human resources group executive Melanie Laing.

HVN - HARVEY NORMAN - down 1.0 cents, or 0.3 per cent, at $3.63

Harvey Norman's troubled joint-venture Victorian dairy investment, Coomboona Holdings, has been placed in receivership.

WES - WESFARMERS - 21 cents, 0.5 per cent, at $41.60

Wesfarmers says all conditions for the $700 million sale of its Curragh coal mine have been met and that it expects to complete the deal with the Coronado Coal Group by the end of this month.

Austrlaian Associated PressBack to Breaking News

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