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Central bank currency wars, political election cycles and corporate survival mode will continue to put downward pressure on growth rates and interest rates. New RBA governor, Philip Lowe is likely to inherit an economy at the early stages of the new rate cut cycle to fight deflation. The Federal Budget... Show More

To begin the week, we initiate coverage of Spotless Group Holdings (SPO:ASX) with a Buy recommendation. Summary of the key financials - we forecast EPS growth of 32% in FY15, a PE ratio of 13.5x, dividend yield of 4.8% and a nil or low franking rate of around 10%. Show More