Daily FNArena News - Australia

Vehicle leasing and salary packaging business, Smartgroup, continues to consolidate the sector, acquiring another two businesses to add further scale.

Macquarie Group is taking its usual conservative view with regard to guidance, yet brokers pounce on the expectation of stronger performance fees in the first half.

The pace of growth has slowed for A-REITs but the sector remains resilient and brokers find several opportunities in some of the segments.

Is Beach Energy in an enviable position? Several brokers believe so, as the cash and reserve upgrades flow.

Brokers forecast strong earnings growth and heave a collective sigh of relief as Webjet accepts its auditor’s view of the accounting treatment of Thomas Cook management fees.

Ramsay Health Care’s domestic business is expected to provide the growth story in FY18 as Europe remains a drag.

The prevailing winds are blowing favourably for data centre operator NextDC as demand is robust and the company has a well-capitalised balance sheet.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Growth is expected across all Boral’s divisions in FY18, as price increases for construction materials are effected in Australia and synergies are derived from the recent acquisition of Headwaters in the US.