Daily FNArena News - Australia

Property manager Charter Hall and its convoy of investment vehicles have alighted at some significant property, including the Huntingwood site of the famous Arnott’s Biscuits in Sydney.

Andrew Page of Strawman.com makes the case for index fund investment.

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.

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.

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.

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?

After a year’s consultation, the RBNZ has released additional capital requirements for Australian banks that are not as onerous as feared.

Boral has identified financial irregularities in its North American windows business and brokers expect the investigation to weigh on the stock for some time.

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