Daily FNArena News - Australia

Current weak financial markets have led one broker to cut dividends or warn of dividend cuts to come among Australia’s listed insurance companies.

The RBA has taken another step towards cutting its cash rate with its least hawkish statement to date.

Mounting pressures have not forced a move from the RBA this month. Cash rate remains at 4.75%.

Fletcher Building continues to integrate the recently acquired assets of Crane Group but brokers suggest further deterioration in macro conditions may mean a slippage in targets.

Nufarm’s result met increased guidance but not all brokers are convinced just yet.

Two positive announcements this month strengthen the Mesoblast story in the view of Bell Potter. The broker retains a Buy rating on the stock.

Campbell Brothers has lifted interim earnings guidance given better than expected trading in the period so far. Brokers have responded by lifting earnings forecasts.

Despite the ongoing Europe-led turmoil, bank analysts remain resolute in their valuations of Australia’s high-yielding big banks.

The Good Guys are up for sale. A chance for the supermarket majors to compliment their hardware offerings?

Kathmandu delivered a solid full year earnings result and with store rollouts and refurbishments to support ongoing earnings growth brokers remain positive.