Daily FNArena News - Australia

Disruptions to the adviser group and ultra-low interest rates are providing significant headwinds for Challenger. Brokers, while disappointed, welcome the re-setting of targets.

Online retailer Catch Group is the purchase of the day for Wesfarmers, expected to enhance the offering from Kmart and Target.

As earnings levels peak, AGL Energy has sought a tie-up with telco infrastructure, making an offer for Vocus Group.

Brokers have taken the knife to Star Entertainment forecasts but most see valuation support.

Syrah Resources has downgraded production guidance for the June quarter, although brokers note stability in cash flow appears to be emerging.

Payment provider Afterpay Touch has steamed into the US, with stellar growth in sales similar to that experienced when the business started up in Australia.

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

Brokers agree WorleyParsons is well placed to capture a large slice of work in global resources engineering but some concerns linger over the outlook for oil & gas.

How many more RBA rate cuts ahead? Opinions vary, but it will all depend on a fall in unemployment and subsequent rise in inflation.

Will China’s self-sufficiency action plan for infant milk formula have a detrimental impact on imports?