Categories
Companies
Organisations
People

Recommend
Print

Business

THE NEWS WRAP: Australian businesses holding off on mergers and acquisitions: Report

By Oliver Milman
Tuesday, 16 October 2012

Australian businesses are holding off on merger and acquisition activity amid deepening caution over the past six months, according to a new report.

 

An Ernst & Young survey of executives around the world found that many Australian firms are taking a “wait and see” approach to M&A activity, potentially impacting start-ups.

 

Confidence among businesses has also softened, with 82% of executives feeling positive about the local economy, down from 91% who felt the same in April.

 

Ikea highlights Australia’s cost of doing business

 

Ikea has hit out at the high cost of business in Australia as it unveiled plans to increase the number of stores it operates in the country.

 

Ikea Australia managing director David Hood told Fairfax’s Business Day that the cost of business was “high in comparison” to other countries. Ikea plans to more than double its number of Australian stores to 11.

 

EU urges Google to have privacy rethink

 

Google has been given 12 recommendations by the European Union on how to change the way it gathers personal information to avoid privacy issues.

 

A nine-month investigation found that Google’s data collection methods were not illegal, but posed a “high risk” to the privacy of users.

 

Overnight

 

The Dow Jones Industrial Average increased by 95.14 points, or 0.71%, to 13,423.99. The Australian dollar rose to 102.55 US cents.

Did you like this article? 

Sign up to the StartupSmart Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

Invalid Input

Comments (0)

Subscribe to this comment's feed

Write comment

smaller | bigger

busy
SmartSolo-Tile
Invalid Input
 

Follow us

StartupSmart on Twitter StartupSmart on Facebook StartupSmart on LinkedIn StartupSmart on Google+

Subscribe to StartupSmart RSS feeds

Sponsored Links

Our Partners

SmartSolo sign up
 

Private Media Publications

Crikey

loading...

Smart Company

loading...

Property Observer

loading...

Leading Company

loading...

Womens Agenda

loading...