Daily FNArena News - Australia

As a record low cash rate prevails, amid weak consumer and business sentiment and only muted improvements in housing activity, Australia’s major banks are being squeezed mercilessly.

A new specialty female oral contraceptive will grace the portfolio of Mayne Pharma, providing a substantial growth opportunity in the medium-long term.

GUD Holdings has successfully coupled cost reductions with price rises and reiterates guidance for modest earnings growth in FY20.

Suncorp Group will sell two motor repair businesses to AMA Group, in a deal designed to improve utilisation of the repair shops while retaining a cost benefit.

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

Nufarm has addressed a vulnerable capital position with the sale of its South American crop protection business and investors can now focus on fundamentals.

Fonterra Shareholders’ Fund is dealing with a raft of problems and brokers take a cautious stance until there is evidence of traction in the proposed solutions.

Afterpay Touch is on the threshold of a substantial market opportunity and brokers eagerly await several potential positive catalysts.

Treasury Wine Estates expects to drive growth by investing in its French portfolio and offering the premium Penfolds brand to a wider consumer base in China.

Common themes exist for a2 Milk, Bubs Australia and Blackmores in their exposure to Chinese demand, and Wilsons sounds out the market while initiating coverage of the three.