Daily FNArena News - Australia

All brokers agree Iluka guidance is set on an unrealistic exchange rate assumption. One has taken drastic action.

The Murray-Darling basin will be shut off for irrigation if it doesn’t rain. The banana dilemma may yet seem insignificant.

Is Goodman Fielder again the subject of a private equity predator?

Commonwealth Bank management reiterated earnings guidance at a trading update yesterday, but the consensus view remains the bank is the least preferred of the majors.

Yesterday brokers provided an average target price of $26.97. Now they all think at least $35.00 is the right price. Bit late now?

Tasmania’s pride and joy Tassal Group doesn’t receive bucketloads of attention, as opposed to the woodchip manufacturer, but its prospects are still looking good.

Woolworths is enjoying the benefits of its major competitor being in disarray and up for sale, but market opinion is split as to whether or not it can continue its recent strong performance.

April’s consumer confidence failed to rise. Westpac suspects higher petrol prices and ongoing speculation the RBA will hike once more are responsible.

Coca-Cola Amatil is ready to make a beer-related announcement at its strategy presentation tomorrow. Will it be a takeover offer for Foster’s?

NAB’s quarterly business survey has found that overall conditions remain strong, with labour constraints pushing up wages and capacity utilisation at a record high.