Global cash flow finance specialist, Bibby Financial Services, expects demand for invoice financing to continue to grow by around 20 per cent this year as small businesses seek better ways to manage their cash flow and more flexible business finance arrangements. Greg Charlwood, Asia-Pacific chief executive of Bibby, reports the company’s Australian business grew by […]
Australia’s economy is predicted to continue on its upswing over the coming years, leading to a boom later this decade. With the BIS Shrapnel Long Term Forecasts update reporting Australia is in the recovery phase after what has been a relatively modest downturn. Unfortunately though, as a result of this renewed growth phase, interest rates […]
In a shock move, the Seven Network has announced a merger with heavy equipment group WesTrac Holdings, creating a consolidated holding company that hopes to cushion the Seven Network from continued trouble with advertiser revenues due to the GFC. Mr Stokes believed the transaction will transform Seven and improve returns for shareholders and tackle the […]
The effects of the global financial crisis are lifting, with the National Australia Bank posting unaudited cash earnings for the first quarter of approximately $1.1 billion, an increase of more than 20% on the fourth quarter of the 2009 financial year. In a further promising sign for the economy NAB’s charge for bad and doubtful […]
Following positive signs of an economic recovery, business owners may be tempted to reclaim the sacrifices they made during the downturn. Former CEO of retail icons BiLo, Radio Rentals and Chair of The Executive Connection (TEC) Brendan Killen, urges businesses to resist the temptation to recoup lost expenses in order to stay strong during the […]
With signs of an economic downturn appearing in late 2008, TEC Chair Brendan Killen asked a group of business owners who were members of TEC to offer their tips to each other on what they should do to survive and thrive during a possible significant economic downturn. With the GFC easing, Mr Killen ran a […]
The effects of the global financial crisis (GFC) may be subsiding in Australia but charities are still feeling the impact according to Perpetual, one of Australia’s largest managers of charitable trusts. Perpetual says that the financial demands resulting from the GFC have continued unabated from last year. This is demonstrated by the continued increase in […]
Retailers will continue to face challenges over the next year as consumers return to saving their money, a franchising expert says. Stan Gordon, managing director of Franchised Food Company (FFCo) which owns Cold Rock Ice Creamery, Mr Whippy and Pretzel World, said shoppers had become frugal as a result of the global financial crisis. His […]
Telstra has announced a sales revenue decline of 2.5 percent for the six months to December 2009 reaffirming its profit guidance for fiscal 2010 due to challenging market conditions. In a statement by Telstra chief executive David Thodey he indicated Telstra had seen a decline in adjusted revenues in the first half despite good performances […]
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