Daily FNArena News - Australia

Ansell delivered a solid full year profit result and with new products and emerging markets offering growth, further solid increases in earnings are expected.

Downer EDI has beaten expectations with its full year profit result and guidance to further solid earnings growth in the coming year supports a majority of Buy ratings for the stock.

Italy can avoid Spain’s seeming fate by reducing its borrowing with a determined programme of public asset sales and bridge financing, according to Professor Francesco Giavazzi.

One broker suggests BHP’s new iron ore chief is likely to put the US$20bn Port Hedland outer harbour project on hold.

With profit reporting season in full swing brokers have updated earnings forecasts for stocks in the Australian energy sector.

Crown delivered a solid earnings result despite some margin pressures and growth potential from future developments see Buy ratings dominate for the stock.

Last week saw heavy coverage of the domestic mining scene as brokers took advantage of the lull before the full onset of the FY reporting season.

Earnings for Tabcorp were solid but as the company enters a transition phase brokers have downgraded ratings to reflect limited potential for share price outperformance.

A better than expected profit, a confident outlook and measured approach to capex from Rio Tinto have analysts underlining their Buy ratings for the other “Big Australian”.

Computershare’s result again met market expectations and the combination of solid earnings guidance and leverage to improved conditions sees broker ratings weighted to Buy.