Daily FNArena News - Australia

Former market darling Rinker (RIN) continues to be punished by the market on the expectation margins and earnings will come under pressure, but Intersuisse maintains the market is over-reacting.

One of the long standing ‘no change’ advocates now concedes the RBA is likely to hike rates again at its August meeting.

The uranium debate in Australia has slipped off the front page, but in the meantime brokers have been increasing price forecasts. This bodes well for ERA.

A tip-off straight from the burning fire: Downer EDI is looking to expand in the UK.

Allco has teamed up with Deutsche Bank Capital Partners to add Collection House to their debt collection operations, The Sheet reports.

Intersuisse suggests Zinifex could return a combined 40% return over the next 12 months as it continues to benefit from strong zinc prices.

Experts remain bullish on the prospects of ABC Learning Centres. A few of them have now become members of the $9 Club.

Doubts have creeped in regarding market expectations for Rinker. However, the current share price seems too low.

In an aggressive market, the new PBS funding structure has only weighed more heavily on API’s shrinking margins. Deutsche Bank can’t find anything positive to say.

Good results from Alcoa flow through to Alumina’s result prospects, but Chinese smelting poses a problem. In the end, it may come down to bauxite.