Daily FNArena News - Australia

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

A transition to new infant formula packaging appears to have slowed revenue growth for a2 Milk but brokers believe the share price has over-reacted.

Innovation remains a central theme at packaging business Orora. Brokers are confident in the expectations for Australasia while North America remains challenged and there is potential for further investment in that division.

Steel spreads have increased strongly and BlueScope’s North Star mill in Ohio is enjoying the benefit, resulting in an upgrade to the company’s second half guidance.

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

Intense competition is persisting for Telstra and brokers suggest it may be only a matter of time before the company has to cut its dividend, again.

As the Australian banking industry slowly implodes, investment banking conglomerate Macquarie Group offers an oasis of ongoing earnings growth.

Stockland is deploying the proceeds of asset sales towards industrial developments as it shifts its portfolio mix.

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

Strong first half result aside, brokers suggest Pendal Group is facing weak flows and increasing costs which could depress the outlook.