Daily FNArena News

BlueScope Steel has upgraded guidance for the second half of FY16 by 29%, reflecting higher prices, stronger volumes and cost reductions. Brokers are divided as to whether there is more upside to come.

Broker suspicions were proven correct as Flight Centre downgraded its profit forecasts for FY16, now expecting a decline of 2-5%. Is there more to come?

Michael Gable of Fairmont Equities sees a potential buying opportunity in Hansen Technologies.

The spot uranium price edged up again last week as sellers backed away from growing utility interest.

You are hereby invited to participate in the May Investor Sentiment Survey. Your contribution is greatly appreciated.

Oil Search has made a takeover bid for Papua LNG minority player InterOil, intent on expanding the potential for collaboration with PNG LNG.

Brokers have returned from Woodside Petroleum’s investor briefing accepting the company is making the best of a challenging oil price environment while noting progress is slow.

Brokers welcome the news NextDC has purchased the land need to expand its Brisbane and Melbourne data capacity and a reduced estimate for capital expenditure.

Nick Linton-Ffrost of Fifth Wave suggests price action this week will determine where the index is headed over the next one to two months.

This week’s Tweets on Twitter by Your Editor.