Daily FNArena News - Australia

Jumbuck has reported slowing revenue, and while a weaker Aussie dollar could help, Austock Securities wants to see growth before it gives back its Buy.

The latest independent inflation reading casts doubt on expectations of aggressive interest rate cutting by the RBA in the year ahead.

A better than expected increase in reserves and resources at Langer Henrich leaves brokers expecting an expansion of operations at the mine.

A far stronger than expected 2Q capex outcome means a series of rate cuts are now less likely, although a 0.25% cut next week remains on the cards.

Some brokers can’t remember the last time Woolworths disappointed with sales or profits, so the latest high quality result was no surprise.

More cost cuts at Fairfax sit well with most brokers, if not with unions.

Having lost the market’s confidence with a surprise earnings downgrade earlier this year, Transfield Services has begun the restoration process with a solid profit result and guidance.

Brokers were taken aback by the size of the Alumina Ltd capital raising.

IAG had a terrible year capped off by a woeful FY08 result, but a new CEO and a leaner and meaner outlook sees the market maintain some hope for the future.

A solid result despite tough conditions and a bright outlook sees Merrill Lynch upgrade Billabong to a Buy.