Daily FNArena News - Australia

Increased Australian franchisee sales have generated exceptional profit growth for Harvey Norman in the latter stages of FY20 but will this heightened state endure?

Woolworths has experienced an acceleration in food sales over recent weeks and is expected to exit the coronavirus crisis in a strong market position.

Metcash has gained market share in grocery since the start of stockpiling in March and while an easing of restrictions may diminish gains going forward, some of the changed habits may stick.

Once again James Hardie has provided a positive update, highlighting improvement in the first quarter, particularly in North America.

Healius is simplifying its business, divesting medical centres, to enable a focus on pathology and imaging as restrictions related to the pandemic are gradually lifted.

The next 12 months will test Australia’s banks as the economy hits its nadir and then commences a recovery. How will they fare this time?

Carsales.com has signalled a surge in enquiries regarding motor vehicle purchases since April, but many of the factors producing these leads could be short term in nature.

CSL may be able to benefit from further price increases as plasma supply is likely to remain tight over the next several months, while brokers welcome the acquisition of Vitaeris.

Viva Energy provided an upbeat outlook for the remainder of 2020 and, further afield, outlined a strategy to develop its Geelong site.

A strong boost to sales is expected for key business units of Super Retail from a resurgence in domestic travel.