Daily FNArena News - Australia

Independence Group has released an interim report from its Long Island study, which should de-risk the Tropicana project. The focus is expected to return to the upside potential at Nova.

Caltex has provided 2016 profit guidance, prompting some brokers to review their numbers, but uncertainty remains linked to the Woolworths fuel business.

APN Outdoor ((APO)) and oOh!media ((OML)) have proposed a merger which, if successful, would produce a substantial, diversified outdoor media grouping.

Data centre operator NextDC has been sold off sharply but brokers believe the company’s position has been greatly misunderstood.

Mineral sands producer Iluka Resources has raised its profile in global rutile production. Brokers emphasise higher prices are required to make the acquisition pay.

Estia Health is beset by uncertainty surrounding the sustainability of earnings and this is not expected to moderate in the near term.

Insurance Australia Group’s is shift to a more customer-centric model has brokers highlighting the risks.

Increased competition has wedged dose sales for Sirtex Medical but brokers suspect the market’s reaction is overdone.

Oil & gas producer Santos has clarified its intentions, hiving off several non-core businesses into a separate entity to renew its focus on key projects.

The government and aged care sector have reached broad agreement on funding and brokers welcome the reduction in uncertainty.