Daily FNArena News - Australia

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

Wesfarmers has outlined large impairments on Target and Curragh coal mine to be taken in the FY16 accounts. Brokers were not surprised but some question whether a dividend reduction is in the offing.

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

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

Brokers are unconcerned about a fall in first half profit for Technology One, given strong revenue growth and contract pipeline. The main issue they perceive is one of valuation.

BlueScope Steel has upgraded guidance for the second half of FY16 by 29%, reflecting higher prices, stronger volumes and cost reductions. Brokers are divided as to whether there is more upside to come.

Broker suspicions were proven correct as Flight Centre downgraded its profit forecasts for FY16, now expecting a decline of 2-5%. Is there more to come?

Oil Search has made a takeover bid for Papua LNG minority player InterOil, intent on expanding the potential for collaboration with PNG LNG.

Brokers have returned from Woodside Petroleum’s investor briefing accepting the company is making the best of a challenging oil price environment while noting progress is slow.

Brokers outline several strategies for dealing with the headwinds which abound in the global and domestic environment for equity investors.