Daily FNArena News - Australia

Link Administration is keen to highlight expansion and growth opportunities, although brokers remain concerned about pockets of weakness and volatility.

BlueScope Steel provided a disappointing update for the market, downgrading earnings guidance amid soft building product volumes in both Australia and North America.

Pilbara Minerals is reducing its output of lithium from Pilgangoora to meet the requirements of its offtake partners as its refinery ramp-up is behind schedule.

ANZ Bank economists note the Aussie dollar is no longer being supported by commodity prices as has typically been the case.

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.