Daily FNArena News - Australia

An agreement to fund a shortfall arising at the highly significant Oyu Tolgoi copper development is now in place, although iron ore is still key to Rio Tinto’s outlook

Banks no longer offer deep value, but despite headwinds brokers expect the sector to benefit from a broader economic recovery

Soft flows continue to weigh on Magellan Financial Group and there is limited scope for a re-rating over the near term

Codan’s latest acquisition in the critical communications market should put the company at the forefront of the US government’s Next Generation 911 upgrades

Just as well fertiliser prices are booming as Incitec Pivot is again plagued by production problems at Waggaman

During March the ASX200 rose 1.8%, underperforming a 4.2% rise for the S&P500

As widely suspected, South32 has agreed on a last-minute revamping of the sale of South Africa Energy Coal, allowing greater focus on more prospective resources

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

Brokers have walked away from Aristocrat’s recent investor briefing incrementally more confident the company will emerge post-Covid in a stronger competitive position

Santos has given a green light to the Barossa gas/LNG project, underpinning confidence in the outlook