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Businesses cut back as weak economy puts pressure on profits

Businesses cut back as weak economy puts pressure on profits

David Taylor published an article in the ABC which discusses the battle between stakeholders. It appears to be customers and shareholders winning out, while employees bear the burden of low wage growth and, increasingly, job losses. David draws on Roger’s view that too many big business leaders were just not convinced the Australian economy would hold up enough to make new investments, projects or big employee pay rises worth their while  Read here.

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Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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