[3822385]

* Moody’s Investors Service (2023), accessed August 2024.

Important information

The opinions expressed are those of the author(s), are as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your client’s particular circumstances is not guaranteed.

This market commentary has been prepared for general informational purposes by the team, who are part of Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the team and statements in it may differ from the views of others in MAM or of other Macquarie…

Dive Brief:

• One Table Restaurant Brands, the parent company of the 24-unit chain Tender Greens and the 15-unit chain Tocaya, filed for Chapter 11 bankruptcy protections Wednesday, court documents show.
• One Table was created in 2021 after the COVID-19 devastated Tender Greens and Tocaya. The unusual business combination was intended to “provide a leveraged platform of shared people resources and supply chain synergies,” according to a declaration in support of the company’s bankruptcy filed by CEO Harald Herrmann on Thursday.
• The company was also impacted by high debt following the business combination, as well as a loss of traffic and high commission rates for third-party…

“One said the house-building entity would be declared insolvent if it was a ‘normal’ company, while another said the council would be better off buying houses and ‘getting rid of Treveth’.

Treveth was created by Cornwall Council in 2019 with a mission to provide high-quality sustainable new homes, communities and commercial spaces for the benefit of people who live and work in Cornwall.

Operating under a ‘profit with purpose’ ethos, all surpluses generated by Treveth’s activities are returned to the council for use in public services, benefiting residents of Cornwall. A meeting of the council’s audit committee has heard that Treveth is expected to return a profit in the next two years. At the end of this…

Joint media release

Shadow Treasurer, Hon Angus Taylor MP
Shadow Minister for Education, Senator the Hon Sarah Henderson

The Albanese Labor government’s announcement it will cut 20 per cent of student HELP debt is profoundly unfair and signals it has given up on the fight against inflation.

Shadow Treasurer Angus Taylor and Shadow Minister for Education Sarah Henderson have today slammed Labor for failing to address the cost-of-living crisis facing all Australians at its source.

Mr Taylor said Labor’s plan shows it has given up on actually tackling the cost-of-living crisis and is now picking winners.

“There are no free lunches in economics. Under this policy, every Australian will continue to pay the price for Labor’s…

Are you scrambling to get ready for the holiday season?

As kids, the holidays were full of fun experiences, excitement, and anticipation of the gifts we would receive. Once we grow up, though, the holiday season can take on a new meaning — one that often brings financial strain and stress.

However, with a bit of planning, preparation, and smart budgeting, you don’t have to let your inner Grinch come out this holiday season. Below, I’ll offer some helpful tips and budgeting advice to help ease financial stress during the holidays.

How much do Canadians spend during the holidays?

According to online publication Made in CA, the average person spends $1,593 on holiday expenses. This includes gifts, experiences,…