Daily FNArena News - Australia

As lockdown grips Australia’s largest city, automotive component supplier GUD Holdings has put off providing any guidance for FY22, while costs remain elevated

Credit Corp is charting difficult territory amid disruptions from government stimulus and lender forbearance, yet expansion in the US provides an opportunity to increase debt purchases

Afterpay’s weak quarter was ignored following a bid from Square which brokers acknowledge is advantageous, if a bit cheap, with competing suitors unlikely

Another downgrade to FY22 guidance by Origin Energy has signalled continued pressure on the balance sheet, only likely to be mitigated by the distribution from APLNG

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

Tailwinds show no signs of abating for Eagers Automotive as its order book continues to exceed supply, enabling full margins to be maintained

High iron ore prices provided a record interim pay-out for Rio Tinto shareholders yet there are challenges ahead in maintaining production volumes

The outlook for OZ Minerals has improved, with strong copper/gold prices and several production catalysts in the wings

Banks are awash with cash yet still finding it difficult to engage in their key business, lending. Are there green shoots appearing?

After a wild ride on investment market during the financial year, recently tabled returns for a range of investment vehicles may enable investors to make broad comparisons to their own performance