Daily FNArena News - Australia

Funds underperformance this year has led to Magellan Financial Group losing its biggest client, and brokers suspect this is just the beginning

Analysts believe ReadyTech’s acquisition last week of cloud-based contract management and procurement software provider Open Windows Software was struck on a good price and represents a good strategic fit

While the additional costs incurred by Transurban Group on the Westgate Tunnel Project are higher than anticipated, brokers are relieved court action was avoided and now focus upon a steady improvement in traffic numbers

Its latest acquisition has increased Ramsay Health Care’s exposure to the high growth mental health care segment, but potential opportunity has largely failed to impress analysts

FNArena has received a number of enquiries as to why the big CSL share price fall yesterday. For the less experienced, here is the explanation

Brokers were caught out by the extent of covid ramifications to date in the first half and the level of cost increases hitting Woolworths’ bottom line. But there is some light at the end of the aisle

The value for investors in online marketplace Redbubble remains in its ability to execute on strategy to reach revenue targets through improved customer retention

Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food

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

Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data