Daily FNArena News - Australia

Qube Holdings will shortly announce its first tenant for Moorebank warehousing, a catalyst brokers are keenly anticipating, and will undertake a $350m capital raising to fund new warehousing and further opportunities.

At its latest investor briefing Suncorp highlighted its “marketplace” concept, yet brokers remain focused on the nitty gritty of premium rates and margins.

Domino’s Pizza will purchase the Bain Capital stake in the Japanese pizza venture, as Bain intends to exercise its put option. Brokers welcome the opportunity.

Sigma Healthcare’s dispute with Chemist Warehouse had sounded warning bells for brokers.

AMP has briefed the market on its wealth management strategy and believes it can sustain growth in earnings over the next five years despite compressed margins.

Woodside Petroleum has outlined its plans for both the short and long-term, assuring investors it will retain a commitment to the 80% pay-out ratio.

Brokers welcome the strong first half results from gaming machine business, Aristocrat Leisure, as the company continues to deliver on its growth initiatives by developing titles for both land and digital platforms.

The latest industry data suggests market conditions are particularly challenging for the automotive dealerships and this offsets the passing of the financing headwinds that have plagued the sector recently.

Laboratory services business ALS Ltd confounded brokers with a slump in its life sciences division at the FY17 result, and several suggest this puts the stock’s trading multiple at risk.

The big banks had already posted disappointing earnings numbers before Scott Morrison dropped his bombshell. What does the future hold now?