JB Hi-Fi upbeat on sales outlook

Retailer JB Hi-Fi has confirmed its forecasts of annual profit growth after continued sales growth in the third quarter of the financial year.
Woolworths' credit rating has been cut after it reported a fourth consecutive quarter of declining like-for-like sales.
Santos has been criticised by shareholders for slow action over falling oil prices at a general meeting also disrupted by protesters.
Sigma Pharmaceuticals says it is on track to lift underlying earnings by at least 10 per cent in the first half of its 2016/17 fiscal year.
Australia's biggest dairy producer, Murray Goulburn, has lost another director - with the second resigning in just two days.
BHP shares have dived even though the miner has yet to receive notice of the Brazilian public prosecutor's claim for $US43 billion in Samarco compensation.

NZ jobless rate on the rise

NZ's unemployment rate is up to 5.7 per cent in the first quarter as 38,000 entered the labour force, according to official figures.
QBE chief executive John Neal tells the company's AGM the calender 2016 first quarter has been in line with the insurer's full-year forecasts.
The Dick Smith brand is back in business as an online-only retailer, this time under the stewardship of Ruslan Kogan.
Ai Group chief executive Innes Willox says Australia's large and diverse services sector is treading water.
Origin Energy has agreed to purchase the output from the proposed 300-hectare Clare Solar Farm in northern Queensland.
ANZ cited rising funding costs for its decision not to pass on the RBA's rate cut in full, a justification that could soon become familiar.
The government and Reserve Bank are finally starting to move in lockstep to jump start the economy, but there's not enough budget action on tax reform.

Ratings agencies cool on budget

Global ratings agencies have delivered a mixed response to the federal budget but the nation's triple-A credit rating is secure for now.
The government is putting in place a package of measures in its fight against multinational tax avoidance.
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