Daily FNArena News - Australia

Reactions to Independence Group’s downgrade to reserves at Nova have been mixed but brokers generally agree mine life has been shortened.

Delays to the high-grade feed at Monty and the looming end to DeGrussa’s mine life are pressuring Sandfire Resources to find and develop more copper-gold resources.

AMP has “reset” its expectations, implying a profit warning, but brokers fear there is likely still more to come as uncertainties remain.

Fortescue Metals delivered record June quarter shipments but brokers remain concerned about the lack of detail on capex in FY19, hoping some uncertainties will be allayed in the August results.

Domain’s real estate portal is the prize in Nine Entertainment’s bid for Fairfax but does the merger deal provide value for Nine shareholders?

Is a price war looming for wealth management? Several brokers contemplate the outlook, as Westpac’s BT Financial slashes fees on its Panorama platform.

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.