By Belinda Moore
19 November 2021, 9:00 AM
Treasury Wine Estates (ASX:TWE) has announced the acquisition of Napa Valley luxury wine business, Frank Family Vineyards (FFV) for US$315m (A$432m), funded by debt and cash.
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By Belinda Moore
12 November 2021, 9:00 AM
GrainCorp's (ASX:GNC) FY21 result beat the top end of its EBITDA guidance range benefitting from a record east coast grain crop, strong demand for Australian grains, a record Processing result and its strategic initiatives.
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By Belinda Moore
23 October 2021, 10:00 AM
With key borders reopening around the world sooner than expected, Flight Centre Travel's (ASX:FLT) outlook is positive. Despite this, its outlook comments remained unchanged.
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By Belinda Moore
18 October 2021, 10:00 AM
Unsurprisingly, COVID has continued to impact some of Treasury Wine Estates' (ASX:TWE) key channels, particularly the higher margin ones. However, with key markets starting to reopen, we expect sales to improve from here.
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By Belinda Moore
15 October 2021, 10:00 AM
Elders (ASX:ELD) will report its FY21 result on 15 November and we expect it will beat consensus. Our new EBIT forecast for 29% growth is underpinned by a larger summer crop, another bumper winter crop, high livestock prices, a buoyant real estate market, full 12 months of the AIRR acquisition and synergy benefits and new bolt-on acquisitions.
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By Belinda Moore
11 October 2021, 9:00 AM
Nufarm (ASX:NUF) reports its FY21 result on 17 November. We expect a strong result, albeit earnings have been skewed to the 1H (63%/37% 1H vs 2H) given favourable operating conditions and COVID uncertainty/supply chain disruptions.
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By Iain Wilkie
01 October 2021, 8:30 AM
Pro Medicus (ASX:PME) has announced the signing of US-based Novant Health on a 7-year A$40m contract for the workflow and viewer products.
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By Adrian Prendergast
01 October 2021, 8:00 AM
South32 (ASX:S32) triggered its pre-emptive right to acquire an 25% interest in the Mozal operations from JV partner Mitsubishi, taking S32’s stake to 72.1%.
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By Belinda Moore
30 September 2021, 8:30 AM
Ahead of its FY21 result on 11 November, Orica (ASX:ORI) has announced A$345-370m of after tax one-off items which will now see it produce a statutory loss. Despite the write-downs, the balance sheet is strong following A$140m of non-core land sales and strong cashflow conversion.
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By Belinda Moore
14 September 2021, 9:00 AM
Incitec Pivot (ASX:IPL) has announced that its US ammonia production has been impacted by Hurricane Ida. While this is out of IPL’s control, it does remind investors of the number of issues this plant has faced in FY21.
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