Daily FNArena News - Australia

Spark New Zealand is stepping up its plans to exploit key markets in mobile, broadband and communications technology.

The government’s response to the financial systems inquiry is expected to underpin Challenger’s annuity growth.

Weekly Update on ASX-listed companies buying in their own stock.

Perpetual countered a weak September quarter with the news it has a new $1bn mandate but several brokers want more evidence on the next phase of growth before becoming more positive.

Regis Resources has stabilised its production, renewing a commitment to follow up on its discoveries, and brokers welcome the news.

Lend Lease has de-rated heavily on apartment sale risk that neither management nor analysts believe to be at all elevated.

Weekly update on recommendation, target price, and earnings forecast changes.

Insurance Australia Group has decided not to pursue further investment in China, relieving an overhang on the stock and sparking broker speculation regarding special dividends.

Canacord Genuity has become interested in Billabong International as the company increases its engagement with investors. The broker initiates coverage of the stock with a Buy.

FNArena’s weekly update on short positions in the Australian share market.