Daily FNArena News - Australia
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Scentre Group Prioritises Garden City
Dec 11 2019
Scentre Group has acquired 50% of the prestigious Garden City shopping centre in Perth although, in a depressed Australian retail sector, most brokers are lukewarm on the deal.
Bumpy Road Ahead For Viva Energy
Dec 11 2019
Viva Energy has had a difficult year amid a continued deterioration in retail margins. However, top-line revenue remains strong and fuel volumes are up.
Pressure Grows On Estia Health
Dec 10 2019
Estia Health has reduced guidance for FY20 amid pressure on occupancy rates and revenue as the negative fallout from the aged care Royal Commission continues.
Bellamy’s Price Tag Doesn’t Equal An Australian Icon
Dec 10 2019
Marcus Reubenstein of APAC News looks behind the acquisition of Bellamy’s and Lion Dairy by Chinese giant China Mengniu and asks whether criticism of those deals on foreign ownership grounds is justified?
Australian Banks: Relief From Across The Ditch
Dec 09 2019
After a year’s consultation, the RBNZ has released additional capital requirements for Australian banks that are not as onerous as feared.
Boral’s US Windows Issue Bothers Brokers
Dec 09 2019
Boral has identified financial irregularities in its North American windows business and brokers expect the investigation to weigh on the stock for some time.
Contract Uncertainties Weigh On Metcash
Dec 09 2019
Brokers note an improving sales trend in food over the first half for Metcash, however the loss of significant contracts continues to weigh on the outlook.
FNArena Corporate Results Monitor – 06-12-2019
Dec 06 2019
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Buoyant Outlook For Select Harvests
Dec 04 2019
Select Harvests has used strong cash flow over FY19 to pay down all debt and underpin production growth for the future.
Taco Bell Sizzles For Collins Foods
Dec 04 2019
The KFC Australia franchise performed strongly for Collins Foods in the first half, while Taco Bell offers a future expansion opportunity.
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