Daily FNArena News - Australia

Tabcorp has de-merged the Echo Entertainment casino assets and brokers are struggling to see value in either of the stand-alone entities at current prices.

A site visit was accompanied by Fortescue indicating a more aggressive timetable for production expansion, one seen as a challenge by brokers.

Morgan Stanley is forecasting a 10% drop in UK house prices and subsequent impact on UK bank earnings, leaving National Bank exposed.

Qantas delivered improved traffic statistics for April and brokers expect the trend to continue.

While brokers in the FNArena databse favour Sell ratings on Sigma Pharmaeceutical, Morgan Stanley has gone against the trend and upgraded to an Overweight rating.

While its share price has risen strongly over the past year Imdex continues to offer value and with earnings risk to the upside Moelis rates the stock a Buy.

A snapshot of economist responses to the weakest quarter since the 1991 recession and its implication for monetary policy.

Bradken surprised the market yesterday with a $162m capital raising and both Credit Suisse and Deutsche Bank have downgraded to Hold ratings on the news.

A site visit by brokers to a UGL rail facility showed some possibilities but also highlighted an increasingly competitive market.

Charter Hall Office now intends to sell all of its US assets and return capital to shareholders, a move that has brokers split on whether or not the stock offers value at current levels.