M69 Professional Scientific and Technical Services

Graduates face worst job market in 20 years

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Original article by Tim Dodd, Edmund Tadros
The Australian Financial Review – Page: 7 : 30-Jul-14

Data from Graduate Careers Australia (GCA) highlights the challenging employment market for new university graduates. A survey by GCA has found that just 71.3 per cent of bachelor degree graduates had jobs four months after leaving university in 2013, compared with 76.1 per cent in 2012. The decline was particularly acute among law, accounting and civil engineering graduates

CORPORATES
GRADUATE CAREERS AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY

ANZ-Roy Morgan Consumer Confidence Back Above Long-Run Average Levels

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 29-Jul-14

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 2.4 per cent to 116.2 in the week ended 27 July 2014. Consumer confidence has now completely retraced the sharp deterioration seen in the weeks around the Federal Government’s May 2013 Budget. While the recent improvement in confidence is an encouraging sign, ANZ’s base case remains that consumer spending growth will remain moderate in 2014, before improving in 2015 as the non-mining recovery gathers momentum

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Firms failing at double the pace

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Original article by Anthony Klan
The Australian – Page: 21 : 30-Jul-14

Australian economist Christopher Nadarajah and consulting firm IBISworld have compiled the new Jones Partners "Insolvency Report", for 2012-13. The data show that the ratio of enterprises entering administration, receivership or liquidation has grown to 3.4% from just 1.5% in 1999-2000. The main contributor are businesses with fewer than 20 staff in the sectors of construction, retail trade and personal services. The number of insolvencies is up from around 6,500 in 2003-04 to 10,746 in 2012-13. Small businesses that failed in 2012-13 created 74,000-plus job losses while large companies going under caused only 6,250

CORPORATES
JONES PARTNERS PTY LTD, IBISWORLD PTY LTD

ANZ-Roy Morgan Consumer Confidence Returns

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 22-Jul-14

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 4.4 per cent to 113.5 in the week ended 20 July 2014. Consumer confidence has almost completely retraced the sharp deterioration seen in the weeks around the Federal Government’s May 2013 Budget and is returning to long-run average levels. The improvement in confidence has been driven by large increases in households’ perceptions regarding economic conditions over the next year and their financial situation in both a year’s time and compared with a year ago

CORPORATES
ROY MORGAN RESEARCH LIMITED|AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Firms urged to ride $10bn internal tech wave

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Original article by Damon Kitney
The Australian – Page: 23 : 18-Jul-14

A new report argues that Australian companies could generate about $A9.3bn worth of extra value each year via greater use of "collaborative" technologies. These include popular social media sites such as Twitter and Facebook. The survey, which was undertaken by Deloitte Access Economics on behalf of Google, shows that 50 per cent of respondents have yet to implement a collaborative strategy

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, GOOGLE AUSTRALIA PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, XERO LIMITED – ASX XRO, WOOLWORTHS LIMITED – ASX WOW, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, KOGAN TECHNOLOGIES PTY LTD, FACEBOOK INCORPORATED, TWITTER INCORPORATED

Post-budget uncertainty takes toll on CFO confidence

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Original article by Shaun Drummond
The Australian Financial Review – Page: 19 : 16-Jul-14

Deloitte has released the findings of its quarterly survey of Australian CFOs. Some 62 per cent of respondents expect the Federal Government’s May 2014 Budget to adversely affect the economy. Meanwhile, 38 per cent said the Budget will negatively affect their company, although 40 per cent anticipate no impact. The survey for the June quarter also found that 70 per cent of CFOs forecast revenue growth in the next 12 months

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED

Business says free up rules

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Original article by Ben Potter, Mathew Dunckley
The Australian Financial Review – Page: 6 : 15-Jul-14

The Business 20 (B20) summit will be staged in Sydney in the week starting 14 July 2014. B20 is a forum designed to help business leaders lobby the Australian Government as it prepares for the Group of 20 (G20) summit in Brisbane later in the year. The B20 delegates headed by Richard Goyder and Robert Milliner want the Government to use the G20 agenda as a tool for boosting economic growth. The focus will be on free trade, infrastructure investment and reduced regulation. The latter applies in particular to the banking sector

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), KPMG AUSTRALIA PTY LTD, WESFARMERS LIMITED – ASX WES, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, BANK FOR INTERNATIONAL SETTLEMENTS. BASEL COMMITTEE ON BANKING SUPERVISION, FINANCIAL STABILITY BOARD, RESERVE BANK OF AUSTRALIA, LOWY INSTITUTE FOR INTERNATIONAL POLICY

Make or break for summit

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Original article by Ben Potter, Mathew Dunckley
The Australian Financial Review – Page: 4 : 14-Jul-14

The Business 20 (B20) forum will accompany the Group of 20 (G20) leaders’ summit in Australia in late 2014. A preparatory meeting of the B20 is being staged in mid-July, and the participants have set a new focus on financing growth, human capital, infrastructure and trade. Experts such as International Monetary Fund ex-deputy MD John Lipsky argue that the November summit will be crucial in setting the path for the G20 for years to come, and failure to achieve meaningful outcomes will be a major missed opportunity. They urge Prime Minister Tony Abbott to be forceful in setting the agenda

CORPORATES
BUSINESS 20 (B20), GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, KPMG AUSTRALIA PTY LTD, LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF THE TREASURY, INTERNATIONAL MONETARY FUND, WORLD TRADE ORGANIZATION, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, FINANCIAL STABILITY BOARD