Daily FNArena News - Australia

Despite the likelihood of a subdued second half, Pinnacle Investment Management is considered well-placed to take advantage of investors seeking more attractive options offshore.

FY20 will be remembered for the pandemic that changed our lives, the record-breaking highs and lows seen in stock markets and the extraordinary measures taken by governments and central banks across the world

Adbri’s longstanding lime supply contract with Alcoa will come to an end next year, heralding a difficult time as imports increasingly erode its business.

After another capital raising, will Webjet be free to pursue the acquisition of distressed travel assets or is protecting the balance sheet a priority?

Suncorp has signalled higher reinsurance costs have made it more economic to retain risk on the balance sheet. Brokers are wary of this, given the number of headwinds confronting insurers.

Momentum in KFC Australia underpins Collins Foods as consumers readily engage with the company’s delivery options and as restrictions around dining-in continue to ease.

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

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?