Daily FNArena News - Australia

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.

Several uncertainties prevailing in the June quarter delivered a mixed performance for wealth manager Pendal Group and brokers remain cautious for the year ahead.

Recent acquisitions have supported growth in funds under management for Magellan Financial in the second half of FY18, although brokers disagree regarding whether this is the right time to buy the stock.

Independence Group is keen to discover more nickel and its quality product from Western Australia is sought after, providing a positive outlook for FY19.

A new deal with Caltex prepares Woolworth’s fuel business for sale, but broker responses are mixed.

To date Australia has been somewhat of a spectator in the mounting global trade war, but further escalation threatens to drag Australia in.

A strong run in equities and fairly stable interest rates has brokers keen on the outlook for general insurers.

Beach Energy extends productive life with big increase in reserves.

Brokers have lifted their valuations for Resolute Mining post the release of the Syama definitive feasibility study.