Daily Financial News - Australia

Department store Myer is hampered by a weak consumer outlook and having trouble growing revenue. The arrival of Amazon in Australia is only expected to aggravate the situation.

Confirming speculation, Evolution Mining has sold the Edna May gold mine, divesting its smallest and highest cost asset.

Fisher & Paykel Healthcare may be capable of producing mid-teens growth for the next few years but the substantial run-up in its shares signals the risks are on the downside.

While there are few catalysts available for Domino’s Pizza at present, Morgans believes the stock warrants a more positive view. Others are more hesitant about the stock.

Setting aside the disappointment that has abounded regarding a succession of of clinical trials and studies which failed to produce results the market was expecting, Sirtex Medical has shifted focus.

Following below-average winter rainfall, ABARES has revised its winter crop forecast and brokers evaluate the implications for Graincorp.

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.