Daily FNArena News - Small Caps

Collins Foods reveals growth in the KFC franchise was offset by declines in the Sizzler chain in FY14.

Bionomics has entered a potentially valuable deal as global Pharma giant Merck stumps up all development costs for the company’s Alzheimer’s drug.

Brokers downgrade earnings forecasts in the wake of Select Harvests’ update on its weather-impacted 2014 almond crop.

UXC has signalled an improvement in the second half and brokers believe conservative forecasts belie the IT service provider’s potential.

Tox Free Solutions has disappointed brokers, providing weak FY14 guidance in the face of a subdued industrial outlook and delays to contract settlments.

Reckon will buy back the stake held by Intuit, severing ties with the direct competitor.

Brokers believe automotive parts distributor Burson is well placed to capitalise on opportunities.

Bell Potter initiates coverage on Mayne Pharma and takes a contrary stance to other brokers.

PS&C had to make its first downgrade to guidance since listing on ASX amidst generalised weakness in the IT sector.

CLSA learns Cover-More is protected against some of the pitfalls for travel insurers, changing tack on the stock. Bell Potter also initiates coverage with a Buy rating.