Daily FNArena News - Australia

Wesfarmers will break with its supermarkets business, Coles, listing it on ASX while retaining a stake, a move largely welcomed by brokers.

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

Brokers are anticipating an acquisition by Smartgroup, which recently raised equity.

Brokers consider now is an opportune time for investors to take advantage of a2 Milk as the business redoubles its momentum.

G8 Education is transforming its operations to take advantage of an expected improvement in industry dynamics.

OZ Minerals has outlined plans to develop a 270km transmission line to provide power to its Prominent Hill and Carrapateena mines from 2020.

Newcrest Mining has been forced to suspend production at its bellwether Cadia mine, making earnings guidance uncertain.

Despite the difficult year ahead brokers are largely positive about A-REITs, as valuation discounts combine with potential returns and asset values remain supportive.

Northern Star Resources will acquire the South Kalgoorlie operations of Westgold Resources, adding much-needed mill capacity to its operations.

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