This is an edited summary of the Australian investment press: It includes investment newsletters, major daily newspapers and broker reports. The recommendations offered represent the views published in the other publications and may not represent those of Eureka Report. This article is general advice only which has been prepared without taking into account your objectives, financial situation or needs. Before acting on it you should consider its appropriateness, having regard to your objectives, financial situation and needs.
Shares in Metcash jumped 7.5% – the most in five years – to $3.28 on Monday after the grocery wholesaler reported a 1.9% fall in underlying earnings to $119 million and delivered an outlook that wasn’t as bad as the market feared.