Daily FNArena News - Australia

Strong sales volumes for Iluka’s mineral sands in the first half amid forecasts for robust pricing and tight supply over 2018 have impressed brokers.

Wesfarmers is planning to retain a 15% minority stake in Coles and 50% stake in Flybuys, ensuring the two companies are aligned in terms of digital, data and loyalty programs.

Drought, increased inventory in the channel and a delay in product approval have caused Nufarm to sharply downgrade FY18 guidance and the issues are expected to linger into FY19.

Northern Star delivered a robust June quarter for gold production, setting records. However, brokers disagree as to whether the stock is fully valued.

Global bond yields remain an important driver of the relative performance of A-REITs, yet brokers suggest the sector has become less compelling following its recent rally.

A steep fall in residential dwelling commencements over the next two years is likely to overshadow the more modest increase in non-residential construction, a report from BIS Oxford Economics suggests.

The RBA suggests the next move in rates will be up, just not yet, given an economy growing at above-trend. For different reasons, economists disagree.

Galaxy Resources posted an improvement in June quarter production and a further financing deal for Sal de Vida could be the next catalyst.

Whitehaven Coal is riding a wave of multi-year highs in coal prices but a few uncertainties are creeping into the outlook.

A2 Milk sustained strong growth rates in FY18 but expectations for FY19 have softened because of the increased investment designed to expand the company’s presence in China and the US.