13 May ONE IN FIVE DO NOT WANT TO RETURN TO THE OFFICE; BUDGET BOUNCEBACK; CREDIT CARDS ARE SO 2019
Welcome to today’s business and media intelligence, with insights collected over the past 24-hours.
- CRISIS BRINGS CREDIT-RATING AGENCIES UNDER THE SPOTLIGHT
- In times of financial plenty, credit ratings go largely unnoticed. In downturns, they attract more scrutiny. Eyebrows are being raised as the pace of credit rating agency downgrades in March was the fastest recorded due to COVID-19, stoking a familiar suspicion: are ratings firms letting their standards slip in good years only to scramble once market turn? Read The Economist’s article here.
- YOU CAN WORK FROM HOME FOREVER, SAYS TWITTER
- Twitter is the first major tech company to announce that employees can choose whether to come back to the office or to stay working from home indefinitely when the company reopens in September. Read the Reuters report here.
- COMPANIES WRESTLE WITH LATEST CYBER SECURITY THREAT: THEIR OWN EMPLOYEES
- Companies are increasingly turning to Big Brother-style surveillance tools to stop staff from leaking or stealing sensitive data. So-called insider threats range from employees unintentionally sharing private data outside of workplace networks to deliberate stealing of data, typically motivated by financial opportunity or a grudge against an employer. Already more than a third of data breaches involve internal actors, according to a 2019 Verizon analysis of more than 40,000 incidents. Read the full article by The Financial Times here. (Subscriber access)
Australian company news
- ONE IN FIVE DO NOT WANT TO RETURN TO THE OFFICE: EY
- Twenty per cent of EY’s 8500-strong staff want to keep working from home, according to a new survey. The report found 43 per cent were happy to wait to return to the office, 23 per cent did not care when they returned, 20 per cent wanted to keep working at home, and 11 per cent wanted to return to the office as soon as possible. Read the full article in The AFR here. (Subscriber access)
- BUCKING THE TREND: AMCOR LIFTS GUIDANCE
- Pantry hoarding has led Amcor, the dual-listed packaging giant, to lift its guidance to 11-12 per cent EPS growth, up from 7-10 per cent range, bucking the trend of wide-spread guidance withdrawals we have seen over the last eight weeks. Read The Australian’s article here. (Subscriber access)
- PLASTIC WRAP, EMPTY LIFTS, NO COFFEE OR PERSONAL KNICK KNACKS ON YOUR DESK – THE NEW, POST PANDEMIC OFFICE.
- The office will be a very different place for the foreseeable future. You can expect markings on lift floors showing you where to stand, arrows to route foot traffic in one direction, chairs removed from conference rooms, and even fabric couches and other upholstered furniture to be wrapped in plastic – just like at Grandma’s house. Read what else to expect when we return to the office in this report. (Subscriber access)
- BUDGET BOUNCEBACK
- Economic forecaster and commentator Chris Richardson, of Deloitte Access, says that while the Federal budget has taken a big hit, there will be a bounce back post the pandemic. Read the full opinion piece here in The AFR. (Subscriber access)
- CREDIT CARDS ARE SO 2019
- There has been a seven per cent decline in the number of credit card accounts in Australia, according to the RBA. At the same time, there has been an increase in interest in ‘buy now, pay later’ services, with more enquiries from customers in their 50s and 60s. Read The AFR’s article here. (Subscriber access)
Our daily briefing is not meant to be a summary of media coverage but rather, insights that may be helpful in understanding how organisations are communicating with stakeholders in a time of crisis – and what comes next. Sign up via email.