Daily FNArena News - Australia

Brokers agree Viterra’s bid for ABB Grain faces many hurdles, and not just in price.

Macmahon Holdings has revised down earnings guidance for FY09 and in the view of Citi this suggests increased pressure on earnings for the likes of Leighton and Downer EDI as well.

Macquarie Airports is proving to be a relatively defensive play in the economic downturn as its quarterly result showed earnings growth despite weaker passenger numbers.

OZ Minerals has sold its Martabe project and brokers remain positive on the company’s prospects given upside from Prominent Hill and what will be a solid balance sheet post the Minmetals deal.

A public backlash against speed cameras in the US is threatening Redflex earnings.

Underlying inflation remains uncomfortably high as the CPI indicates. No rate cut?

Analysts question whether Suncorp could even be successfully broken up.

The minutes of the RBA’s April rate decision meeting show declining inflation has allowed scope for easing.

Leighton stands to be a winner from government infrastructure spending but is this enough to offset negative growth?

A weak PPI may mean lower rates but could it also forewarn of deflation?