Daily FNArena News - Australia

Medical products group ITL Limited has had a rough year. Intersuisse and Citi disagree on whether the stock is now cheap as a result.

Acceptances by Rinker shareholders are only dribbling in at Cemex. Meanwhile the arbitrage opportunity for retail investors has widened to nearly $2000.

Engineering consultant Cardno has moved into the US via acquisition prompting a round of earnings upgrades from brokers.

The latest Westpac-Melbourne Institute Leading Index of Economic Activity has come in well above its long-term trend, indicative of an economy in a period of sustained strong growth.

Shares in Murchison Metals have soared 25% today after Mitsubishi of Japan agreed to invest $3 billion in mining and infrastructure joint ventures with the company.

The price of petulance? Optus is the big winner in yesterday’s broadband announcement from the government but Telstra is still in the front line for the FTTN build.

Deutsche Bank has initiated coverage on Hastie Group with a Buy rating, suggesting the market is underestimating its earnings potential in coming years.

Woolies proves once again that no market is beyond its grasp by joining forces with Quickflix to become the first major retailer in online movie rental in Australia.

When it comes to the “worst polluters”, Santos is right up there. But as the government dithers, the oil and gas producer is going to turn carbon to its advantage.

Macquarie and GSJB Were are positive on JB Hi-Fi’s move into the mobile phone market but don’t expect any boost to earnings for some time.