Neu.Capital in Sydney, Australia | Financial service

Neu.Capital

Locality: Sydney, Australia

Phone: +61 2 8006 8811

Address: Level 8, 333 George Street 2000 Sydney, NSW, Australia

Website: https://www.neu.capital

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24.01.2022 Our Director Edward Jones shared his thoughts on the Westpac financial results with 7 News, as the bank’s profits slumped 62% yesterday. Ed commented on the future for Westpac, While there is no questioning that Westpac is a safe bank, their earnings will most likely be down for some time.

24.01.2022 This week the Treasurer of NSW, The Hon. Dominic Perrottet MP, handed down the New South Wales State Budget. Grant Thornton Australia Partner, Steven Paterson, takes a look at what the Recovery and Reform budget means for businesses operating in NSW. Key highlights include a $107.1b infrastructure investment, including a $3b Jobs and Infrastructure Acceleration Fund.... Read more here: https://bit.ly/grant_thornton_nsw_budget #NSWBudget #NewSouthWales

15.01.2022 The Australian’s 2020 CEO survey results indicate that the future is looking bright for Australia, with business conditions and consumer confidence rebounding. The key has been the early and active management of the health implications, followed by aggressive fiscal and monetary policies to ensure the health crisis didn’t become a liquidity crisis - Marc Luet, Chief Executive at Citi Australia. Read the survey responses in more detail here: https://bit.ly/ceo_survey_2020... #Australia #2020CEOSurvey

15.01.2022 A number of major acquisitions announced throughout October ends the mergers and acquisitions drought caused by Covid-19. Recent transactions to emerge include the Northern Star Resources and Saracen Mineral Holdings $16bn merger, and Bain Capital’s $3bn recapitalisation of Virgin Australia. Read the full run-down of the latest deals, here: http://bit.ly/mergers_draught_ends

13.01.2022 As we near the end of the year, we have decided to reflect on the financial damage due to Covid-19, 28 weeks on from the Australia-wide lockdown. From analysing the key 2020 economic events since Wuhan issued a lockdown on January 23rd to what the risk environment looks like in 2021; we explore the profound economic impact of COVID-19 and how businesses can continue surviving within these turbulent times. We hope you enjoy this latest addition to our CFO Series - ‘Covid-19: 28 Weeks Later’: https://bit.ly/28_weeks_later

12.01.2022 Since Covid-19 was declared a pandemic in March 2020, the government has ploughed Aus $289 billion into supporting those companies facing the financial perils of Covid-19. While in the short-term this government support was essential in order to keep Australia's economy afloat, will this cause greater damage further down the line? https://bit.ly/28_weeks_later... #AustralianEconomy #InsolvencyData

12.01.2022 Australia’s economic recovery is gaining momentum, with consumer confidence on the rise and the sharemarket closing yesterday at an eight-month high. The good things we thought were happening are happening, and faster than we thought - ANZ’s head of Australian economics, David Plank. With hopes of a vaccine by next March, will 2021 bring economic stability to Australia? ... Read the full article: https://bit.ly/shift_to_economic_recovery #AustralianEconomy #RecoveryPlan #EconomicRecovery

11.01.2022 Business conditions and confidence have now reached pre-COVID-19 heights during November as Victoria reopened and the Reserve Bank cut rates. Despite the tapering of major financial handouts, business confidence notched up its fourth consecutive monthly gain jumping 9 points to 12 index points in November, while business conditions rose 7 points to 9 index points. NAB group chief economist Alan Oster commented, Overall both confidence and conditions are now above average, ...and stronger than the period right before the pandemic. Read the full article, here: https://bit.ly/business_confidence #BusinessConfidence #ReserveBank #NABSurvey

07.01.2022 In order to avoid financial distress during times of turmoil, businesses need to take time to understand the four key stages involved in the path from growth through to receivership. From initial business shock caused by an event, through to management breaching covenants and formally disclosing breaches, preparing for the unexpected will ensure the right processes are in place to prevent business failure. https://bit.ly/28_weeks_later... #EconomicStability #Receivership #AustralianEconomy

07.01.2022 The RBA kept the official cash rate on hold at 0.1% in a bid to stimulate spending and bring stability in the market as unemployment surged and GDP declined this year. RBA Governor Philip Lowe suggests that the economy will not be back to its 2019 size until the end of 2021 as the recovery is still expected to be uneven and drawn out. https://bit.ly/rba_cash_rate... #AustralianEconomy #RBA #CashRate

02.01.2022 Neu Capital Director Ed Jones appeared on Channel 7 News to shed light on Afterpay and Zip bundling their services with Westpac and Visa, giving the buy-now-pay-later providers access to many more customers. "Banks are much better at outsourcing innovation and will definitely gain more positive brand association with the deal."

01.01.2022 JobKeeper saved 700,000 jobs during the recession, a new Reserve Bank report finds. According to the report, one in five of the 3.5 million workers who received the $1,500 fortnight wage subsidy would have otherwise lost their jobs without it. Josh Frydenberg commented, The Morrison government’s JobKeeper program was a country saving moment.... However, as the scheme tapers off and comes to an end after March 2021, it will be interesting to see how many jobs will survive. Find out more, here: https://bit.ly/reserve_bank_report #JobKeeper #UnemploymentRate