Stocks to watch on the Australian stock exchange on Wednesday, July 1:
KMD - KATHMANDU - up 32 cents, or 25.6 per cent, at $1.57
New Zealand retailer Briscoe Group wants to take over Kathmandu but it's unclear whether the struggling outdoor clothing and equipment retailer wants to sell.
QAN - QANTAS AIRWAYS - up 14 cents, or 4.64 per cent, at $3.16
Qantas has lifted passenger numbers modestly as a strong performance from Jetstar and its international operations offset further weakness in its domestic business.
SGH - SLATER AND GORDON - down 22 cents, or 5.82 per cent, at $3.56
Shares in law firm Slater and Gordon have slumped amid ongoing worries about its UK business.
SYD - SYDNEY AIRPORT - up 12 cents, or 2.47 per ent, at $4.98
Sydney Airport will lower its charges for international airlines next financial year as part of a deal struck at the eleventh hour.
WES - WESFARMERS - up 32 cents, or 0.83 per cent, at $39.03
Wesfarmers-owned Coles will refund more than $12 million to small suppliers, on top of paying a $10 million court-ordered penalty for illegally squeezing them for funds.