Daily FNArena News - Australia

The way ahead looks familiar for Wesfarmers. The high road is Coles, Bunnings and Kmart. Centre line is Officeworks, Insurance. The low road is Target, Coal and Chemical/Industrial divisions.

Austbrokers has acquired two more insurance agencies, adding to a division that’s expected to write over $210m on an annualised basis.

Low interest rates are underpinning the strength in Australian Real Estate Investment Trusts (AREITs). This story hasn’t played out in full just yet.

A wrap of the day’s activity on the Australian stock market.

The sharp sell-off in Australian equities has brought into question the potential overvaluation of the market as a result of the runaway yield rally. Brokers discuss their views.

Technology One has defied the downturn in spending and produced a robust first half result. Brokers look forward to further cloud-based initiatives.

The weather has proven a thorn for David Jones, as will competitor discounting. As sales continue to decline, DJ’s new margin push remains under threat.

A wrap of the day’s activity on the Australian stock market.

A softer-than-usual start to 2013 has put the spotlight on InvoCare’s valuation. Brokers find it expensive but justifiable on a long-term view.

A site tour of the GLNG project has prompted analysts to call Santos undervalued by a sceptical market.