The talk of the town: NAB Business wrap
There’s been a lot for Aussie businesses to talk about recently – from the action on Melbourne’s Chapel Street to where to find the richest retirees. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
The action on Melbourne’s Chapel Street, revelations from Aldi and where to find the richest retirees hit the headlines recently. Here’s a selection of recent business insights to help you uncover the opportunities across all business sectors in 2014.
In 2014 business owners should learn how to float.
Rumours large and small abounded about the potential float of Medibank Private following revelations that a PR strategy and a scoping study were underway. Given 2013 was the biggest year for float activity since 2007, with 260 IPOs delivering over A$10 billion according to the Deloitte Corporate Finance Report, market participants are expecting another bumper year. Post float performance can be challenging, so expert advice is a necessity for businesses considering going public. Find out more.
Yellen speaks softly.
Aussie businesses with an eye out for how US monetary policy will impact global markets should note that Janet Yellen made it clear she won’t be making any big moves any time soon. In her first appearance before Congress she said the central bank will keep reducing its stimulus slowly even though the labor market is still quite weak. Given the flow-on effects of US monetary policy to the rest of the world, it’s important to keep up to date with the direction the Fed will be taking over the next 12 months. Find out more.
Looking for a sugar daddy? Head to WA.
The Quarterly Australian Wealth Sentiment Survey is out from MLC and consumer balance sheets remain conservative. Residents of Western Australia are the most future-forward thinkers, displaying the strongest intention to divest shares, bonds and balanced funds, and investing more into super. Planning for retirement can’t happen too soon – talk to an adviser today. Find out more.
Diesel fill boosts Chapel Street
A 10-year lease to fashion retailer Diesel has been hailed as a turning point for Melbourne’s Chapel Street. Traders in Melbourne’s prime shopping streets such as Bridge Road, Chapel Street and Toorak Road have suffered through one of the worst downturns in a decade, but new vacancy figures suggest the gloom might be lifting, which suggests an expectation of better conditions for retailers. Fresh figures from CBRE show that in the six months to January this year, the vacancy rate for 10 of Melbourne’s most prominent streets fell by 1.15 percent. Find out more.
There’s an interesting development in the food and grocery sector with Aldi revealing it has almost doubled its share of the $82 billion grocery market. The German-owned supermarket chain now accounts for more than 10 percent of grocery sales in Australia. Aldi’s success could open the door for more foreign grocery chains – great news for commercial property owners, shop fitters and other service providers to the sector. Find out more.
China’s biggest party – were you invited?
China’s imports of crude oil, iron ore and copper hit record highs in January, though some of the unexpected strength was put down to stockpiling ahead of the Lunar New Year holidays. However, the value of China’s overall imports and exports were up 10 percent from a year ago. For businesses engaging with China, understanding the implications of Lunar New Year on the ability to transact is crucial – so consult someone who knows. Find out more.
More business insights:
- Ready for more in 2014?
- ASX 300 Quarterly Business Survey
- Quarterly SME Survey
- Quarterly Australian Residential Survey