Daily FNArena News - Australia

Flight Centre has slashed monthly operating costs and raised capital. Brokers expect a leaner enterprise with greater market share is likely to emerge.

HUB24 has experienced significant growth in funds on its platform. To what extent are prospects shaped by expectations of a sharp rebound in markets after the crisis has passed?

Is the withdrawal of Transurban’s distribution guidance a sign of more long-term changes to distribution policy?

How will Australia’s electricity providers fare during the coming recession?

As restaurants close to stop the spread of coronavirus there is more demand for supermarket food, beverages and fresh produce and Brambles is one of the less obvious beneficiaries.

Ansell is experiencing unprecedented demand for protective gloves from the health sector and, unusual in the current environment, has maintained FY20 guidance.

Northern Star Resources has suspended guidance as its mines down-shift operations. Longer-term, brokers assess the performance will depend on progress at Pogo and expansion of the Kalgoorlie Super Pit.

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

Cochlear is raising equity to preserve liquidity, placing the business on the front foot for a recovery once the deferral of non-essential surgery has passed.

Analysts argue Australia’s banks are in a much better position to weather this storm than they were in 2008, and have been oversold on that basis.