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Traffic camera company Redflex Holdings (ASX:RDF) said today it has won a bid boost of about $303.5 million from Carlyle and Macquarie Groups due to a stronger Australian dollar. Former Redflex chief Chris Cooper negotiated the bid increase to a minimum $2.70 per share.

Rio Tinto (ASX:RIO) chief executive Tom Albanese's 31 percent pay raise and the company's remuneration report caused bad blood among its shareholders for the second year in a row, said The Australian. Albanese is getting $8.5 million.

Australian diversified investment company, Argo Investments (ASX:ARG) has announced a 21 percent increase in annual net profit with a forecast in corporate profits and dividend growth.

Argo Investments Net Profits and Dividends

Private education provider, Navitas (ASX:NVT) a company which provides of pre-university and university programmes for domestic and overseas students has announced a 31 percent increase in net profit. Navitas net profit for the year to June 30 was $64.3 million, up from $49.2 million in the previous corresponding period.

Navitas Dividends

Australian conglomerate Wesfarmers (ASX:WES) has increased sales for grocery chain Coles. Wesfarmers chief executive, Richard Goyder, has said market share looks stable. Fourth quarter sales figures has revealed that sales have risen from last years figures by 4.2 percent compared to 1.8 percent with competitor, Woolworths (ASX:WOW) at a 3.4 percent gain.

Lluka Resources (ILU), a company that concentrates in mining, exploration, separation and concentration of mineral sands business along with in the production of coal, synthetic rutile, zircon, rutile, ilmenite and other titaniferous concentrates had the best performing stocks of the 11th week in ASX100 with a gain of 10.9 percent or 41 cents to its stock price closing the week at $4.15.