Daily FNArena News - Australia

Flight Centre has issued weak guidance, signalling a significant skew to the second half in FY17. Brokers are sceptical growth will be easy to achieve.

Mining services business Orica will be flat out making sure its business improvements stay ahead of increasing costs and price re-sets, brokers believe.

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data.

French owner ENGIE has announced Victoria’s Hazelwood power station will close in March and higher wholesale electricity prices are expected as a result.

The outlook for leasing and vehicle finance business, EclipX, is promising and brokers consider its growth ambitions remain well supported.

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

FNArena’s weekly update on short positions in the Australian share market.

Weekly Update on ASX-listed companies buying in their own stock.

Health product manufacturer Blackmores had a very weak September quarter and does not expect to match its FY16 performance in FY17.

Boral and CSR will disband their joint venture in bricks on Australia’s east coast. Brokers declare the decision a win for both parties.