Daily FNArena News - Australia

Woolworths again delivered solid sales numbers for the second quarter but with attention turning to 2009 there are mixed views as to whether results can continue at the same level.

The Western world has turned to adding omega-3 to everything from milk to baked beans because we just won’t eat fish.

The growth rate in the Westpac-Melbourne Institute Leading Index slowed further in May, suggesting a further slowing in the Australian economy in coming months.

The July RBA minutes confirm a dovish tone anyway, and a lot has happened in a couple of weeks.

As Toll makes the ultimate capitulation on its Virgin stake, analysts contemplate the pluses and minuses for both companies.

CSR scored no less than four brokers upgrades this morning following yesterday’s share price plunge.

Labour market data for June came out stronger than expected and add to the conflicting economic signals at present, which is clouding the rate pciture for the RBA.

The IAG strategy update left all analysts totally unsurprised. But where were the numbers to explain the rejection of the QBE bid?

Retail sales seem the only paradox in Australia as now housing finance joins the ever growing list of weakening data.

The July reading for the Westpac-Melbourne Institute Index of Consumer Sentiment was down more than 6% as consumers continue to feel the pinch from higher petrol prices.