Daily FNArena News - Australia

Virgin Blue revised earnings guidance lower last week and brokers slashed forecasts as a result, while noting there will be a flow through impact on both Toll Holdings and Qantas.

First it was credit finance, then job ads, business confidence and consumer confidence posting significant drops in recent months. Now it’s housing finance.

Unlisted margin lender Lift Capital has collapsed this morning.

If you thought house prices in Australia were finally in for a decline, the message is clear: it just aint gonna happen.

Should Alcoa’s 54% first quarter profit decrease set off warning bells for Alumina?

Citi has today downgraded Westpac and St George, leaving no remaining Buys amongst the Big Five.

The latest survey of consumer sentiment in Australia adds to the queue of recent gloomy data.

The NAB business survey for March shocked even the surveyors.

CBA has raised its mortgage rate again, ANZ has increased its bad loan provisions, and we haven’t started with first half results yet.

Insurers have not had the best of times of late, but old faithful QBE still looks a good bet despite headwinds.