Daily FNArena News - Australia

Brokers see upside from Domino’s new delivery fee and other levers to ward off inflation

While the ASX200 lost -8.8% (total return) over June, the index outperformed most developed and emerging market peers for FY22

Australian food delivery start-ups are struggling to raise funds as appetite for takeaways fades

Recently listed Judo Capital has attempted to sway market sentiment at a recent investor day, confident that its strategy can quickly capitalise on rising rates to boost interest margins

Market sentiment for the banking sector has declined as investors struggle to balance the positive impact of rising rates on interest margins with the negative impact on the property and mortgage loan market

Brokers generally approve of the decision by Brambles not to proceed with plastic pallets for Costco

Brokers weigh potential impacts on Australian bank shares from rising unemployment and falling house prices

Brokers approve of FY22 results for Collins Foods and debate now centres around the outlook for margins in a tough macroeconomic environment

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

Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment