Daily FNArena News - Australia

Intersuisse has reiterated its Buy rating on M2 Telecommunications as the company continues to grow earnings.

Hutchison Australia’s proposed restructuring should improve the company’s financial situation, but at the expense of much of the upside for existing shareholders.

Online Media microcap Hostworks is improving its performance and growing earnings, leading Microequities to upgrade the stock to Buy.

St George Bank’s monthly summary suggests the US and not China should be blamed for the recent market corretion, but the Australian market appears healthy enough to ride out much of the damage.

Investors do not need to worry about consumer confidence in Australia. The latest survey by Westpac and Melbourne Institute reveals a confidence level not seen since August 2005.

The latest ANZ survey into job advertisements in Australia suggests conditions in Australia’s labour market remain tight.

National Australia Bank’s February Business Survey shows the trend remains towards stronger business conditions, supporting solid growth expectations.

Citigroup debunks the argument that Telstra is worth more split into two, while Credit Suisse believes NextG’s competitive advantage is not being recognised.

Macquarie Leisure is one of the few stocks to score a 1.0 reading on FN Arena’s Sentiment Indicator as brokers remain positive on the group’s growth outlook.

Latest figures show strong inflows into managed funds in the December quarter, but uncertainty reigns as to whether the trend can continue at the same rate in coming periods.