Daily FNArena News - Australia

Australia’s incumbent telco is serious about becoming a serious media player. Crikey reveals preparations have been put in place for a seriously increased online presence.

Stronger than expected retail sales figures support the RBA’s rate hike but leads Merrill Lynch to suggest the market is pricing too much growth into retail stocks.

National Australia Bank has released its June quarter survey of business confidence, noting recent rate increases have seen confidence fall as concerns grow about the economic outlook both domestically and globally.

The market is now factoring in a further increase in interest rates before Christmas, so Commonwealth Bank has looked at the potential implications of such a move.

Forget higher petrol prices. Australians still spent happily in June.

The Reserve Bank has delivered a further rate increase, but the market is split as to whether we are now at the top of the rate cycle.

No surprises in the RBA’s move to lift rates to 6.00%.

Korvest has beaten Credit Suisse’s forecasts with its profit result, leading the broker to lift its estimates and maintain its positive rating.

June quarter production was disappointing, but full-year production guidance has been maintained. Is this realistic?

Proposed paper price increases in the UK market are good news for PaperlinX as it adds to the evidence the company is now at or close to the bottom of its earnings cycle.