Daily FNArena News - Australia

Biofuel innovator Algae.Tec has secured listing approval on the Frankfurt Stock Exchange thus giving it exposure to the NYSE post-merger.

Given the company was cycling stimulus fueled numbers Automotive Holdings posted a solid interim result.

Southern Cross Equities has initiated coverage on drug delivery group Alchemia with a Spec Buy rating, seeing significant potential upside.

DJ Carmichael has initiated coverage on Sumatra Copper and Gold with a valuation well above the present share price.

CSL just beat consensus estimates for its interim result and retained full year earnings guidance, but with earnings headwinds appearing some in the market are questioning value.

Where do you go when it’s bucketing down? Whitewater World of course! Ardent Leisure has blown them away. More to come?

Cardno delivered a better than expected interim profit result and brokers have reacted by lifting earnings estimates and price targets.

Mermaid Marine delivered a better than expected interim profit result yet stockbrokers have downgraded their recommendations.

UBS has initiated coverage on Horizon Oil with a Buy rating, seeing a number of potential positive catalysts for the stock in coming months.

The minutes of the February RBA meeting show a board which has no rush to move on monetary policy settings in the current environment.