Daily FNArena News - Australia

Brokers suspect that growth is becoming harder to obtain for retail conglomerate Wesfarmers in the face of a weak consumer outlook, slowing housing and increased competition.

IOOF has confirmed a strategy based on advice. Brokers are encouraged by the presentation although some uncertainties remain.

Bendigo and Adelaide Bank has changed its methodology for Homesafe income, and brokers point out the changes coincide with a softening of the outlook for property prices.

Outdoor media has grown strongly in recent years, supported by the expansion of digital products, but growth is slowing from the heady heights.

Qube Holdings will shortly announce its first tenant for Moorebank warehousing, a catalyst brokers are keenly anticipating, and will undertake a $350m capital raising to fund new warehousing and further opportunities.

At its latest investor briefing Suncorp highlighted its “marketplace” concept, yet brokers remain focused on the nitty gritty of premium rates and margins.

Domino’s Pizza will purchase the Bain Capital stake in the Japanese pizza venture, as Bain intends to exercise its put option. Brokers welcome the opportunity.

Sigma Healthcare’s dispute with Chemist Warehouse had sounded warning bells for brokers.

AMP has briefed the market on its wealth management strategy and believes it can sustain growth in earnings over the next five years despite compressed margins.

Woodside Petroleum has outlined its plans for both the short and long-term, assuring investors it will retain a commitment to the 80% pay-out ratio.