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THE NEWS WRAP: Toll road operator BrisConnections collapses
3:46AM | Friday, 15 MarchQueensland toll road operator BrisConnections has collapsed seven months after the opening of the troubled $4.8 billion Airport Link tollway in Brisbane.
Five reasons to be cheerful about the economy
3:50AM | Friday, 15 MarchEconomic news has been largely doom and gloom over the past few years, but there are five reasons the Australian economy is moving toward happier days.
ANZ lauds business services as “story of the year”
3:07AM | Friday, 15 MarchSmall business sales rose 2.8% over the year to the December quarter, according to ANZ’s latest Small Business Sales Trends report, with business services described as “the story of the year”.
Food and travel outshine “traditional” retail as sales rise 3.6%
3:52AM | Monday, 11 MarchSmall business sales rose by 3.6% over the year to the three months to October, according to the latest ANZ report, as food and travel-related services continue to outshine “traditional” retailers.
THE NEWS WRAP: ANZ chief predicts commodity price increase will lead to another rate cut
3:27AM | Tuesday, 12 MarchA commodity price increase will push the Australian dollar even higher, giving leeway to the Reserve Bank to cut interest rates again, the CEO of ANZ has predicted.
Retail sales fall flat in September: Report
3:38AM | Tuesday, 12 MarchRetail sales remained stubbornly sluggish in September, with particular weakness in the trade services and homeware markets, according to new ANZ figures.
Small business sales up almost 5% as household stimulus kicks in
8:13AM | Wednesday, 22 AugustSmall business sales rose by almost 5% year-on-year in July and by 3.8% over the year to the three months to July, with assistance for households as part of the carbon tax package a main driver, according to a new report
NAB hikes business loan rates again
7:13AM | Wednesday, 25 JulyThe National Australia Bank raised its business lending loans rate by 20 basis points yesterday but the other major lenders are reluctant to reveal whether they will also bump up loan rates.
Annual spending up 10% but businesses told not to lose focus
7:07AM | Friday, 20 JulySpending is up more than 10% on a year ago, according to the Commonwealth Bank Business Sales Indicator, which shows Queensland has marked its 12th straight month of trend BSI gains.
SA Government pours $600,000 into Innovyz program
6:44AM | Thursday, 28 JuneThe South Australian Government has poured $600,000 into the ANZ Innovyz START program, in what could be an attempt to restore its reputation among the state’s start-up community.
THE NEWS WRAP: “White knight” Rinehart threatens to sell over Fairfax charter stoush
6:17PM | Monday, 25 JuneMining billionaire Gina Rinehart has threatened to sell her shares in Fairfax if she is not offered director positions at the business “without unsuitable conditions”.
Small business sales up but economic growth still patchy
4:10AM | Thursday, 19 AprilSmall business sales increased by 2.5% year-on-year in March, according to ANZ’s latest Small Business Sales Trends report, but other research shows economic activity remains below trend.
Business confidence rises in March but with little jobs growth
4:19AM | Tuesday, 10 AprilBusinesses appeared slightly more confident in March than in February, according to the latest NAB survey, but a degree of caution appears to be inhibiting hiring and investment decisions.
Banks call for Saturday afternoons and Sundays to be “ordinary working hours”
4:31AM | Monday, 2 AprilAustralia’s major banks are pushing for the definition of ordinary working hours to be extended to include Saturday afternoons and all of Sundays.
THE NEWS WRAP: Banks push for “notional” weekends
4:16PM | Sunday, 1 AprilAustralia’s major banks are pushing for the definition of ordinary working hours to be extended to include Saturday afternoons and all of Sundays, in a bid to improve flexibility of rostering employees on weekends.
Xero acquires Max Solutions after raising $15m
3:54AM | Friday, 15 MarchAccountancy software company Xero has raised $15 million to fund global growth and has made its first acquisition for the year, snapping up Max Solutions in a deal worth almost $5 million.
Pollenizer’s Pygg raises $600k while Wooboard heads to US
3:49AM | Friday, 15 MarchPollenizer-backed start-up Pygg has raised $600,000 in six months from a host of investors, including Yahoo!7 chief Rohan Lund and Tim Howard of Seven Network’s Vividwireless.
Small Business Minister Mark Arbib identifies rents and payroll tax as top SME concerns
3:29AM | Monday, 11 MarchNewly-appointed Small Business Minister Mark Arbib has downplayed the level of concern among small businesses over the carbon tax, identifying rents and payroll tax as more important.
Retailers rejoice over rate cut but banks voice uncertainty
11:41AM | Wednesday, 2 NovemberRetailers have welcomed the Reserve Bank’s decision to cut interest rates ahead of Christmas, but the banks remain uncertain about the likelihood of another rate cut.
Melbourne Cup rate cut tipped despite hike in sales
10:46AM | Tuesday, 25 OctoberSmall business sales increased by 5.2% year-on-year in September, according to the latest ANZ Small Business Trends report, but economists still anticipate a rate cut on Melbourne Cup Day.
