Daily FNArena News - Australia

Engineering & construction services company Downer EDI has expanded its network in New Zealand with the acquisition of Hawkins. Brokers assess the prospects.

Brokers have differing views over the extent of education provider Navitas’ latest setback.

General insurers IAG and Suncorp have outlined the expected losses from February’s hail storm in Sydney. Several brokers review the impact on FY17 natural peril budgets.

ASIC has automotive dealer finance commissions in its sights. Brokers are not overly concerned about these changes and suspect a softer growth outlook for automotive retailing is more significant.

Lithium producer Orocobre has encountered problems with its inventory and production guidance has been lowered. Brokers are reasonably confident the issues can be addressed.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

Footwear distributor/retailer RCG Corp has flagged a soft start to the second half, raising concerns about the resilience of athletic/leisure wear trends.

Accelerating internet traffic bodes well for data centre operator NextDC . Brokers mull the outlook.

Super Retail has taken positive action on its problematic divisions and brokers welcome renewed momentum in the business.

A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.