Daily FNArena News - Australia

The share price of uranium hopeful Alliance Resources has dropped over 30% since the release of its resource estimate. Is this justified?

Beach Petroleum’s poor first quarter does not reflect underlying problems. To ABN Amro it is a “core” holding.

Stock analysts have begun to consider the unthinkable.

Airline Partners Australia has announced this morning it will not pursue legal options on the disputed Qantas bid, and confirms the bid has officially lapsed.

ANZ’s latest monthly survey in job advertisements shows a decline for newspaper ads, but strong growth on the internet keeps the trend strong and healthy.

An acquisition has given Ansell 20% of the Brazilian condom market, brokers seeing it as the first of what may be a number of acquisitions going forward.

Patersons Securities continues to rate Arasor International a Speculative Buy, the broker’s price target more than twice its current share price.

Macquarie analysts have lifted their rating and target price for Telstra based on election year urgency surrounding a fast broadband network for Australia.

Rio Tinto has a lot more in its uranium bag than just ERA, as brokers have suddenly realised.

Earnings forecasts for IT group Oakton have been lifted as the company’s Acumen acquisition is expected to boost earnings in FY08 by at least 10%.