Daily FNArena News - Australia

Craig Swanger of FIIG Securities discusses why Australia’s property market is just like any other market.

Infrastructure and engineering services contractor Downer EDI has made a play for facilities manager Spotless Group and several brokers are unconvinced about the move.

Several brokers remain concerned about the outlook for TPG Telecom, despite a fairly robust first half result.

Fletcher Building has revealed further construction losses and downgraded FY17 guidance. Brokers believe the market will take time to be convinced the issues are under control.

Travel agency Flight Centre has overseen a decline in its earnings trajectory for several years and brokers review the dominant themes in the outlook.

The ACCC has raised some issues for petrol distributor/retailer Caltex regarding the Milemaker acquisition. Brokers also contemplate what this means for the Woolworths/BP transaction.

Supply issues with competitors are expected to support vaccine and blood product supplier CSL’s volume and market expansion.

DP World Australia has raised some of its port levies and flagged an opportunity for Qube Holdings to follow suit.

Brokers sift through Australian Real Estate Investment Trusts (A-REITs) and re-allocate preferences, as office returns continue to improve and retail returns deteriorate.

Engineering & construction services company Downer EDI has expanded its network in New Zealand with the acquisition of Hawkins. Brokers assess the prospects.