Daily FNArena News - Australia

TechnologyOne provided a solid performance over FY20, despite the pandemic and extra provisioning, although several brokers remain wary of valuation

In a much-anticipated acquisition, GUD Holdings has committed to the expansion of its automotive business with the purchase of ACAD from AMA Group, now considered a takeover target

Enthusiasm for Ampol has softened despite a positive update, as the market awaits a decision on the Lytton refinery amid a cloudy outlook for fuel margins

Accent Group is rolling out new stores with unrelenting enthusiasm while its new formats offer options for the longer term

City Chic Collective has embarked on a number of initiatives, expected to boost sales as Australasia emerges from the peak of the retail shutdowns

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

ALS has invested in additional geochemistry capacity as the cycle for global mineral exploration ramps up again, providing an improved earnings outlook

Aristocrat Leisure has a big advantage over its gaming competitors – liquidity, allowing the pursuit of user acquisition and product development

Insurance broker AUB Group is enjoying a favourable environment for commercial insurance premium rates, recently issuing a modest upgrade to guidance

A generally positive outcome for banks during the profit reporting season should be viewed through the prism of longer-term structural forces