Daily FNArena News - Australia

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.

Brokers are finding it hard to incorporate the fallout from the Royal Commission’s interrogation of AMP executives, including potential for net outflows, margin squeeze and higher corporate costs.

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

WorleyParsons has indicated the resources industry has started to recover and expects a fair share of the work as customers reinvest in projects.

A-REITs outperformed the broader equity market in April and sector earnings growth is expected to accelerate.

Orica sustained a poor performance in the first half, amid production problems at several of its plants. Brokers require progress on the issues into FY19 before becoming more positive.

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