Building shortages threaten site shutdowns

Original article by Rosie Lewis, Ben Packham
The Australian – Page: 6 : 10-Mar-20

Australian Shop & Office Fitting Industry Association CEO Gerard Ryan says its members are looking at delays to projects of up to six weeks because the corona­virus outbreak is delaying the supply of products from overseas. The outbreak has also prompted calls for a national security strategy to boost the nation’s stocks of medicine and fuel. Industry Minister Karen Andrews says the federal government is looking to increase local manufacturing to help ease supply chain disruptions, although she says she is hearing anecdotally that "the supply chains are OK".

CORPORATES
AUSTRALIAN SHOP AND OFFICE FITTING INDUSTRY ASSOCIATION

More capital raisings on the cards: Goldman

Original article by Melissa Yeo
The Australian – Page: 27 : 6-Mar-20

Matthew Ross of Goldman Sachs says the coronavirus outbreak is likely to prompt more listed companies to undertake capital raisings in coming months, particularly ones that are close to breaching their debt covenants. Ross notes that the supply chains of many companies will be impacted by the virus, given the high level of dependence on imports from China, especially in the consumer goods sector.

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GOLDMAN SACHS AUSTRALIA PTY LTD

Major banks hit as credit growth stalls

Original article by Joyce Moullakis
The Australian – Page: 17 & 28 : 1-Oct-19

Official data shows that annual growth in credit fell to an eight-year low of 2.9 per cent in the year to August, after rising by just 0.2 per for the month. Housing credit and business credit also increased by 0.2 per cent in August, with growth of 3.1 per cent and 3.4 per cent respectively for the year to August. Ed Henning of CLSA anticipates a slight improvement in credit growth in coming months, although Chris Read of Morgan Stanley says credit growth is unlikely to rebound in the near-term unless there is an upturn in housing turnover as well as prices.

CORPORATES
CLSA AUSTRALIA PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, RESERVE BANK OF AUSTRALIA, SWITZER ASSET MANAGEMENT LIMITED, MST MARQUEE, UBS HOLDINGS PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, MACQUARIE GROUP LIMITED – ASX MQG