FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Richard Coppelson delves into history to suggest why Santa’s not missing in 2013, he’s just revving up the sleigh.
Westfield has flagged its intention to merge Aust/NZ shopping centres with Westfield Retail and form a new self-managed entity.
A wrap of the day’s activity on the Australian stock market.
Brokers mostly feel QBE has proven over-conservative with its profit downgrade but visibility is low and it will take time for investors to recover.
TPG will buy AAPT from Telecom NZ. Brokers re-shape the outlook for both companies in the wake of the news.
Michael Gable of Fairmont Equities suggests that despite a 22% fall yesterday, there is no technical evidence to support an oversold bounce in QBE.
Hot on the heels of Goldman Sachs’ exit, Deutsche Bank is now set to pull out of uranium trading, increasing market uncertainty and affecting a spot price fall.
A wrap of the day’s activity on the Australian stock market.
As Indonesia plans a ban on mineral ore exports, brokers consider two key ores – nickel and bauxite – and the impact on Australia’s suppliers.
The major supermarkets have called a truce on expanding fuel discounting and brokers take a look at what it may mean for the competition.
