City Chic Collective (ASX:CCX) has announced the sale of its Evans business and its intentions of exiting the EMEA inventory.

The divestment operation was handled through an asset sale and purchase agreement.

Under this agreement, AK Retail Holdings will pay City Chic a cash consideration of £8 million.

City Chic also finalized its deal with its 3PL provider to cease its operation in the UK warehouse, which also bolstered its European operations.

As a result of the sale, assets held for the end of FY23 will incur an impairment ranging from A$29M-A$31M.

City Chic Collective is a S&P/ASX 200 listed company specializing in plus-size women’s fashion.

Macquarie has described the near-term outlook for Australian medical equipment firm Ansell (ASX:ANN) as ‘uncertain’, despite the forecasts capturing an improved growth from the financial year 2025.

On the other hand, for the biotechnology company CSL (ASX:CSL), the brokerage is expecting growth, factoring in the recovery of its base business, irrespective of its weaker-than-anticipated guidance for the financial year 2024.

Macquarie also anticipates a downside risk to the current financial year 2023 consensus EPS forecasts for Ramsay Health Care (ASX:RHC) and Sonic Healthcare (ASX:SHL).

It believes the potential sale of Ramsay’s Asia-focused joint venture with Malaysia’s Sime Darby could address its recent balance sheet concerns.

Macquarie opines that Regis Healthcare’s (ASX:REG) growth is influenced by a positive outlook for residential aged care, bolstered by favourable industry fundamentals and improved government funding.

As of the last market close, ANN shares were down by 15.2%, CSL shares fell by 6.8%, RHC shares dipped by 9.6%, while SHL and REG shares went up by 15.2% and 19.9%, respectively.

Ansell (ASX:ANN) is a leading Australian medical equipment firm.

Macquarie has slightly lowered its five-year production forecast for Westgold Resources, with a decrease of approximately 15,000 ounces annually.

Westgold Resources' shares are up 2.88% at A$1.605.

This modification in the outlook echoes the company’s remarks on the ‘right sizing’ of Paddy’s Flat and Starlight underground mines located in Western Australia.

Interestingly, Westgold Resources predicted its potential gold production for FY24, which ranges from 245,000 to 265,000 oz.

The midpoint figures are marginally less than their FY23 output of 257,116 oz.

Notwithstanding this, the brokerage firm indicates that the stable yearly production anticipated in the FY24 midpoint guidance signifies that the company’s streamlined operating model is functioning properly.

Additionally, Macquarie is expecting a production of 304 koz in FY2025, following Westgold Resources' statement that organic growth initiatives are set to ‘establish a growth runway into FY25’.

Macquarie maintains its target price for the company’s shares at A$2.00, and has set an ‘Outperform’ rating.

Westgold Resources' stock has seen a significant increase this year, with a rise of around 78.3% as of the last closing.

Westgold Resources is a mining company primarily engaged in gold production in Western Australia.

Scorpion Minerals (ASX:SCN) shares witnessed a significant rise of as much as 8.1% to A$0.067, marking their biggest intraday gain since July 24 due to a positive update from recent drilling practices.

The lithium exploration company reported favorable outcomes from the latest drilling results at the Youanmi lithium project located in Western Australia.

The drilling results continue to reveal considerable high-grade lithium mineralisation, according to the company.

Despite this, Scorpion Minerals has faced a downtrend this year, with a fall of 11.4% as of the previous close.

Scorpion Minerals (ASX:SCN) is a lithium exploration company, focusing on the extraction of high-grade lithium through advanced mining techniques.

Canaccord Genuity’s analysts predict that the acquisition of technology firm Eagle Newco by Australia’s Codan will hasten the company’s plans for expansion into the UK and European Union.

Codan (ASX:CDA) recently declared its intention to acquire a UK-based command and control solutions business, Eagle Newco, in a deal worth A$22 million.

The transaction is projected to be approximately 4% EPS accretive by FY25, according to Canaccord.

It continues to uphold a ‘buy’ rating for the company, raising the Price Target to A$8.46 from A$6.18.

A survey found that out of seven analysts, three assigned the stock a ‘buy’ or a higher rating, whilst the remaining four opted for ‘hold’.

Their median Price Target stands at A$8.10, according to Refinitiv data.

CDA shares have seen a slump as much as 1.7% to A$7.70, though they remain 91% on the up this year till the latest closure.

Codan (ASX:CDA) is an Australian company specialized in developing robust technology solutions for communications, safety, security and productivity problems in the harshest environments on earth.

Macquarie predicts a rise in sales for leading Australian grocer Woolworths (ASX:WOW) in its Australian Food and New Zealand Food sectors until 2025.

The brokerage firm anticipates that the AU Food unit, which constituted 75% of Woolworths' FY22 sales, amounting to A$60.85 billion, to reflect a comparable sales growth of 5% in the second half of 2023 and 3.6% for FY23, fuelled by high inflation rates.

Woolworths is forecasted to show similar performance to its competitor, Coles Group (ASX:COL), in the fiscal year 2023 due to its strong performance in the third quarter of 2023.

In Woolworth’s NZ Food sector, the brokerage expects a comparable sales growth of 1.5% in the latter half of 2023, although cost and wage pressures remain persistent.

Macquarie opines that Woolworths is well-positioned with its Australian Food business, and its Big W business might reap some benefits from consumers trading down.

The brokerage maintains a ‘neutral’ rating and a price target of A$40.00.

Of 16 analysts, eight rate the stock as ‘buy’ or higher, four as ‘hold’ and four as ‘sell’ or lower, with a median price target of A$40.50 according to Refinitiv data.

Woolworths is a top retailer in Australia and New Zealand offering a wide range of products including food, clothing, and home goods.

Diatreme Resources (ASX:DRX) saw its shares rise as much as 4.55% to A$0.023, marking their largest intraday percentage gain since July 20.

The Australian mining company is currently in the limelight as its Northern Silica Project (NSP) located in Far North Queensland has been labeled as a ‘Project of Regional Significance’ by the Queensland government.

This status is conferred to local projects forecasted to have a notable impact on the region and its inhabitants.

The established designation also permits Diatreme Resources to utilize water for its project from the reserve assigned for Cape York’s Water Plan.

Despite the recent surge, the company’s shares are down by 18.52% year-to-date, as of the last close.

Diatreme Resources is an Australian mining company with a focus on the Northern Silica Project.

Analysts from financial firm Ord Minnett have revised their price target for the stock of Ingenia Communities (ASX:INA), raising it from A$4.47 to A$4.65.

Furthermore, Ord Minnett is retaining its ‘Buy’ rating on Ingenia’s shares.

The firm continues to see significant value in Ingenia’s shares, citing sturdy structural demand for their land lease communities in addition to robust asset valuations.

These are chiefly supported by persistent demand and continuous interest from mergers and acquisitions.

Ingenia, a company involved in managing holiday communities and providing senior-care rentals, is expected to announce their FY23 results on August 22.

At 0418 GMT, Ingenia’s shares traded down by a small margin of 0.25%.

Analyst perspectives on Ingenia’s shares vary, with four out of eight analysts recommending ‘buy’ or higher, two suggesting ‘hold’, and two advising ‘sell’ or lower.

The median price target among these analysts is A$4.40.

As per the most recent closing data, Ingenia’s shares have declined 9.17% this calendar year.

Ingenia Communities (ASX:INA) is a leading property group in Australia operating holiday communities and providing senior-care rentals.

Janus Henderson Group’s Australia shares (ASX:JHG) experienced up to a 4.4% drop to A$41.810 today, in a loss potentially the most substantial since May 12, if the trend continues.

The UK-based asset management company reported a Q2 2023 revenue of $516.5 million, which fell short of the IBES estimate of $518.9 million and last year’s report of $555.5 million.

Additionally, their Q2 adjusted EPS was $0.62, which compares favorably to the IBES estimate of $0.56.

Despite the company still being a certain distance from delivering consistent net inflows, the second quarter profits offer hopes that their new strategy can gain traction, according to a statement from Citi.

However, the brokerage does note a cut in EPS estimates for FY24 and FY25 by 3.5% and 3.2%, respectively.

They continue to maintain their price target at A$41.75 for the Janus Henderson Group.

Today saw the company’s stock hit its lowest level since July 18.

Approximately 23,550 shares were negotiated, compared with the 30-day average volume of 20,030.

Out of eight analysts, four rate the stock ‘hold’ and four rate it ‘sell’, with their median price target being A$41.60.

The stock has seen an increase of 24.4% this year as of the last closing.

Janus Henderson Group is a UK-based asset management company.

Shares of gold-copper miner Aeris Resources (ASX:AIS) plummeted by as much as 20.4% to A$0.24 today, marking their lowest value since June 29, 2020.

The mining company announced on Wednesday that it chose to put its Jaguar mine on hold and into care and maintenance beginning this September.

The firm adjusted its group copper equivalent production forecast to 40kt - 50kt, a downgrade from the previous 51.5kt estimate, and expects minimal contribution from Jaguar.

The company’s shares ended the day down by about 29% at A$0.27.

Furthermore, trading saw about 14.2 million shares change hands, in contrast to the 30-day average volume of 2.3 million shares.

Of the five analysts covering the stock, four rate it a ‘buy’ or better, while one rates it a ‘hold’, their median target price is A$0.90 – according to Refinitiv data.

As of the last close, the stock is down 52.21% for the year.

Aeris Resources is a global mining company specializing in the extraction of gold and copper.