Daily Financial News - Australia

Brokers welcome the strongest price inflation in ten years at Coles in the September quarter, although sales growth is expected to slow to more modest levels going forward.

While the options for cash-less financial transactions continue to expand, the readies in Australian wallets still represent a source of value and aspiration.

Domain has issued a sharp downgrade to its outlook as the gloss comes off the housing advertising market, and other media players are caught up in the trend.

Amcor has reiterated full year guidance, signalling headwinds endured over FY18 are largely temporary while robust cash flow and earnings growth are expected.

Conditions for funeral director InvoCare continued to deteriorate through September and 2018 guidance has been softened.

NextDC is expected to have more sway in its business once the acquisition of Asia Pacific Data Centres goes ahead.

Coles remains intent on maintaining its competitive position after the de-merger from Wesfarmers, although brokers point out stable or improving margins are implicit in guidance.

Australia’s new vehicle market has reversed over recent months, a function of weak consumer sentiment amid looming regulatory changes for the dealer industry.

The impact of rising costs featured in the Bank of Queensland FY18 results and brokers suspect higher expenses are likely to become entrenched after the Royal Commission.

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