Daily FNArena News - Australia

The underperformance of one of credit provider FlexiGroup’s key businesses, Certegy, has left brokers unsure about the near-term outlook.

Woolworths reported solid March quarter sales of food but another disappointing downgrade for Big W has broker views diverging on the implications for the outlook.

Sleep disorder specialist ResMed has revealed supply constraints and costs held back revenue, margins and operating income in the March quarter.

Footwear distributor/retailer RCG Corp has issued its second downgrade to guidance in three months but brokers diverge in their reactions to the news and resultant sell-off..

Platinum Asset Management has reduced base management fees and brokers are concerned about the reduction in flows to the business, considering the stock is not cheap.

Bank sector earnings are expected to be more stable in the upcoming reporting season and margins will be the key area of focus for brokers going forward.

Nickel production is increasingly dominating the outlook for Independence Group as development enters the final stages at Nova and production winds down at Long.

Initial public offerings have substantially outperformed the ASX200 year to date in 2017. Read all the details here.

The Sirtex Medical SARAH study has not met its primary end-point and disappointment is reflected in some brokers re-evaluating the stock.

Gold Coast theme parks have been inundated with negatives from the Dreamworld tragedy to the weather and Village Roadshow downgrades earnings expectations for its attractions.