Daily FNArena News - Australia

Computershare will move its registry and mortgage servicing business to a global structure and has outlined expansion opportunities, although brokers suspect growth in FY20 will be difficult.

Large accounting clients continue to migrate to TechnologyOne’s cloud offering but brokers remain concerned about the stock’s valuation.

Scentre Group has made its first asset sale of 2019, a first step towards debt reduction.

Incitec Pivot has provided sharply lower earnings guidance for FY19 after a first half plagued by outages and manufacturing problems.

Unusually, Fortescue Metals decided to pay a dividend outside of the standard reporting season and brokers expect there will be plenty more.

Accounting software provider Xero passed several milestones in its FY19 results and brokers assess the substantial opportunities that lie ahead.

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

Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.

Further delays to the acquisition of the OnePath wealth business have meant brokers are reassessing the earnings outlook for IOOF.

The third quarter was always going to be the weakest for Commonwealth Bank, and a range of new customer initiatives signals the re-basing of its business is significant.