Daily FNArena News - Australia

Strong demand for nasal high-flow therapy in hospitals catering to the pandemic provided a strong FY20 result for Fisher & Paykel Healthcare. However, sales acceleration appears to have peaked in the first quarter of FY21.

Tabcorp has extended its digital lottery relationship with Jumbo Interactive to 2030 on a more favourable basis, emphasising its significant market weight.

Are bank provisions sufficient to cover the extent of the downturn in the economy? What happens when government stimulus is removed at the end of September?

Concerns over the balance sheet and work in hand at Perenti Global have dissipated, with the company’s update supporting a robust outlook.

A block cave expansion at Carrapateena has been outlined, with potential to transform the long-term production outlook for OZ Minerals.

The main issue confronting Sonic Healthcare is how quickly routine pathology testing recovers, given temporary government support is underpinning COVID-19 volumes.

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.