Suncorp Group Limited
Calling it early Suncorp has announced they expect a group return on equity of at least 10 per cent in the 2015 financial year.
The path to achieve this may not be smooth. The current year does remain tough for Suncorp as it focuses on growing its general insurance offering and attending to issues within its life insurance business.
If Suncorp can maintain payment of the special dividend of the past two financial years, investors will at least be well paid as the company edges closer to achieving its ROE target.
Suncorp is up 38.6 per cent over the past twelve months.
US-based Yum! Brands Inc – operator of fast-food chain KFC – saw third-quarter profits fall 68 per cent. The majority of revenue for Yum! is generated outside of the US and the company cited tougher competition in China as a reason for the drop in profits.
Competition concerns across ready-made food options could impact Retail Food Group and Domino’s Pizza Enterprises in trade today.
Following on from confirmation the International Monetary Fund expects China’s growth to fall, Crown and Treasury Wine Estates, both with significant exposures in Asia, could also feel the heat today.