Daily FNArena News - Australia

The potential sale of the NSW lotteries business sees brokers name Tatt’s as the logical buyer given the earnings and synergy benefits.

Consumer confidence improved in November and while it’s not the beginning of a new world, it’s still good news.

National Australia Bank’s monthly business survey shows a further sharp fall in both business conditions and confidence levels. NAB is now expecting an even more aggressive RBA.

After months of careful language and sizeable rate cuts, the RBA today cut its growth prospections for the Australian economy.

Transfield Services has both management and earnings issues according to analysts and this combination suggests a cautious view is most appropriate.

Telstra’s investor’s day was a success according to brokers, as it showed the company’s transformation and earnings outlook remain on track.

Margin pressures and regulatory changes are unlikely to help the Australian pharmaceutical wholesale sector.

The ABS October labour force numbers showed a surprise increase, but economists warn of a calm before the storm.

The Reserve Bank of Australia’s surprise 75bp cut shows just how keen it is to avoid a recession, shifting its focus from inflation to growth.

The CBA-AiG Performance of Services Index fell again in October indicating businesses in Australia are finding it tough going at present.