Daily FNArena News - Australia

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.

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

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

DuluxGroup managed further market share gains in the first half but brokers are aware the housing cycle is peaking and growth may be subdued going forward.

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

Brokers assess the recent Big Bank first half earnings reports and provide their views on how the second half may play out.