Daily FNArena News - Australia

Conditions for funeral director InvoCare continued to deteriorate through September and 2018 guidance has been softened.

NextDC is expected to have more sway in its business once the acquisition of Asia Pacific Data Centres goes ahead.

Coles remains intent on maintaining its competitive position after the de-merger from Wesfarmers, although brokers point out stable or improving margins are implicit in guidance.

Australia’s new vehicle market has reversed over recent months, a function of weak consumer sentiment amid looming regulatory changes for the dealer industry.

The impact of rising costs featured in the Bank of Queensland FY18 results and brokers suspect higher expenses are likely to become entrenched after the Royal Commission.

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

Rather than a set of recommendations, the interim report from the Financial Services Royal Commission has presented a list of questions for the financial sector, extending the period of uncertainty.

Chinese steel mill profitability has surged, signalling to Morgan Stanley why the iron ore price achieved by Fortescue Metals has remained relatively flat.

Beach Energy has provided production guidance out to FY23 and expects to achieve 100% replacement of reserves over that period.

A multitude of risks beset Nufarm and, in downgrading forecasts, several brokers suggest it may take time for the stock to re-rate.