Insolvency companies warn SMEs about alternative financing
As the major banks rein in their lending patterns because of the fallout from the Royal Commission inquiry, many small and medium enterprises (SMEs) have been looking for alternative ways to keep their businesses running. While there are plenty of new options available, regulators have not vetted them all in the same way, and now…
Climate change takes toll on French oyster farmers
Gulping down oysters has long been a favourite New Year’s Eve ritual for the French, but as winters get warmer and summers get drier many growers worry there will soon be fewer of the prized mollusks to go around.‘Twenty years ago, we’d be shivering in the warehouse while preparing the holiday orders. Today it’s 15…
New Taco Bell push to test Aussie appetite
Australia’s burgeoning burrito appetite is set to be tested in 2019 with New South Wales and the ACT set for a share of 60 new Taco Bell locations, adding to the Tex-Mex goliath’s single store in Brisbane. Dual-listed frachisee operator Restaurant Brands New Zealand announced on Tuesday it had reached agreement with Taco Bell’s Asian…
Kathmandu shares jump 17% on strong sales
Kathmandu’s shares have jumped nearly 17 per cent after the adventure gear retailer reported a 7.1 per cent rise in Australian same store sales. Same store sales for the 15 weeks to November 11 grew 6.3 per cent across the company on a constant currency basis, with Australian operations the stand out performer. Same store…
UEFA open to reopening financial fairplay cases
UEFA warned Monday that clubs whose finances have already been scrutinised by its Financial Fair Play regulations may not be out the clear yet, European football’s ruling body told AFP.Less than a week after the latest revelations in the Football Leaks series, UEFA suggested it could reopen previously concluded cases should new information arise.Every club…
UK police open probe into biggest Brexit donor
British police on Thursday opened a criminal investigation into a top Brexit donor over his alleged use of offshore companies to finance the campaign to leave the European Union.The probe came after the Electoral Commission said it had ‘reasonable grounds’ to believe Arron Banks – an insurance company owner who was the single biggest donor…
Global stocks mixed as Asian rally fails to spread
World stocks were mixed to start the week on Monday, as investor enthusiasm in Asia failed to spread to Europe and Wall Street, where geopolitical worries weighed on indices.In Europe, stocks gave up early gains following a defiant reply to EU critics by Rome, which intends to stick to a controversial spending budget.The dollar rose…
Diesel prices hit 4-year highs
Diesel prices hit 4-year highsPetrol prices; Job advertisements; China dataDiesel price: According to the Australian Institute of Petroleum (AIP), the national average retail diesel petrol price rose by 1.6 cents to 160.4 cents a litre over the week – the highest level in four years.Unleaded petrol price: The national average Australian price of unleaded petrol…
Volatile aircraft sales lift US durable goods in August
Sales of US-made aircraft rebounded in August, lifting orders for American durable goods to a six-month high at the end of the second quarter, the government reported Thursday.But the highly volatile aircraft segment masked weakness in other closely watched measures of sales activity for big-ticket, US-manufactured items, which slowed or fell.Total durable goods orders jumped…
Telstra trims FY earnings guidance on NBN
Telstra has trimmed its full-year earnings guidance range because a lower than expected number of NBN customers are available for connection. The communications giant on Thursday said income will be $300 million lower than previously expected because the national broadband network’s corporate plan includes fewer than predicted premises declared ready for service. As a result,…
