Daily FNArena News - Australia

Brokers expect Myer’s upcoming FY16 results will reveal a contraction in margins but they remain modestly positive about sales growth and momentum of the New Myer strategy.

Sigma Pharmaceuticals is expanding its reach into hospital pharmacy while maintaining a stable base business. Brokers welcome the increased diversity.

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

FNArena’s weekly update on short positions in the Australian share market.

Gold stocks have been hot property in 2016 as the Fed’s enthusiasm for rate rises has waned. But where does that leave us now?

Data centre owner operator NextDC has altered tack, bringing forward its plans to build a second Sydney data centre after a large contract win.

Weekly Update on ASX-listed companies buying in their own stock.

Woodside Petroleum has surprised by acquiring a stake in the Scarborough gas fields, although brokers do see possible benefits for the North West Shelf.

Packaging producer Pact Group is expanding, moving into the manufacture of tablets and capsules with the acquisition of Australian Pharmaceutical Manufacturers.

Alumina Ltd has cut a better deal from its AWAC joint venture with Alcoa and brokers welcome the development.