Daily FNArena News - Australia

A cost blow-out of $150m stands out in an underwhelming market update from Fletcher Building

Broker opinions are divided on Reliance Worldwide with company revenues largely beholden to restoration & renovation activity

Brokers mostly see the upside as Woolworths moves further into active investment via the pet industry

A review of recent broker research on salary packaging companies, following new coverage by Citi for McMillan Shakespeare and Smartgroup Corp

Recent research indicates brokers are generally positive on the longer-term outlook for Pexa Group, while also holding some nearer-term concerns

Woodside Energy warns of constrained near-term cash flow as it approaches peak capital expenditure for growth plans, and outlines intention to increase gas exposure to ensure longer-term growth

While Metcash delivered first half results ahead of expectations, brokers also weigh the impact of lower cash flows

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

The ASX200 gained 6.6% in November, buoyed by the ongoing decline in 10-year bond yields and a strong materials sector

2022 has seen a sudden burst of listed hydrogen pure-plays, largely out of nowhere. Tim Boreham investigates