Daily FNArena News - Australia

Successful cost reductions and divestments could provide desperately needed visibility to Lendlease’s value following last week’s profit warning, but brokers want greater clarity over future drivers of profitability

Gains for the technology sector spurred a 2.3% rise for the ASX200 in June, the eleventh month of gains for a financial year that returned 27.8%

Banks have been in the firing line for some time regarding regulatory issues and concerns over credit provisioning. Is the outlook any brighter now?

As Sydneysiders brace for another week of lockdowns a bidder has emerged for Sydney Airport, surprising the market and sparking speculation aplenty

IDP Education will garner the benefit of the recovery in Indian demand for English language testing after acquiring British Council’s IELTS operations

While the struggle continues for BNPL supremacy across three continents, the Afterpay revenue model evolves and the spectre of PayPal looms large

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

While AGL’s split is supposed to set up both demerged entities for success, the jury’s out on whether funding provisions are adequate for both companies to pursue their growth ambitions

Telstra has wrapped up a deal for its mobile towers at a full price while also retaining a controlling stake

With lockdowns and travel restrictions adversely affecting Australasian winter trading, Kathmandu has had to step back its FY21 sales guidance