Daily FNArena News - Australia

Centennial Coal delivered a slightly better than expected quarterly report and further gains are expected, but holding back broker ratings is much of this appears already priced in.

Analysts struggle to find positives in what was otherwise a well-flagged result.

Following today’s 1.3% increase in the CPI, another rate rise may not be all that much of a surprise.

Oil Search fell a little short of expectations with its quarterly production report but with progress continuing on the PNG LNG project brokers generally remain positive.

Austar delivered a quarterly profit result broadly in line with market expectations, brokers generally continuing to recommend the stock for its defensive qualities.

ABC Learning shot up on news of the US sale yesterday, but what does the future hold?

For several months bad news has outweighed the good for Asciano but a contract win in Saudi Arabia and expectations of further positive deals in coming weeks are improving investor sentiment.

Wesfarmers has announced details of a rights issue to refinance debt associated with the Coles acquisition but the issue hasn’t resulted in brokers changing their divided views on the stock.

The first quarter PPI increase was the highest on record.

The share price slump in Reckson New York encouraged Credit Suisse analyst to meet with management. They left the meeting with the view dividends will pay investors to wait for a turnaround.