Tighter purse strings and reduced spending in 2009 are the conclusions of a business travel spend survey conducted by the Association of Corporate Travel Executives (ACTE). 131 respondents to an association survey are in a nearly three-way dead heat as to how their corporations will fund business travel in 2009; two of the response categories clearly indicate ‘less spending’ and ‘less frequent travel’. Thirty-six per cent said they’d be spending more on business travel next year, while 33% indicated they’d be spending less, and 31% said they’d be spending the same.?The number one cause of the cutbacks in travel spending, according to 47% of respondents, is a combination of economic uncertainty and rising fuel costs. (15% cited the economy alone as did 12% for fuel costs.) Twenty-six per cent cited other reasons such as internal changes and a restructuring of business focus.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.