Daily FNArena News - Australia

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

Flexigroup has announced the divestment or discontinuing of several non-core businesses, flagging a mild downgrade to FY16 expectations. Brokers expect better returns and risk profile ahead.

Small discretionary retailers are feeling chill winds and brokers shuffle their views on the outlook for the next few months.

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?