October 9 2009
Volume 39, Issue 19 - 10/10/2009
39
19
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In a recent MDM survey on the economy, 39 percent of respondents said credit has become less available in the past six months. Nearly 54 percent said that access to credit has not changed significantly, implying credit remains tight for most.
In the survey, respondents noted banks have grown stricter, increasing collateral requirements, lowering credit lines and increasing rates and fees.
"Credit institutions are no longer willing to loan on …
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Here's what Cantara says about banking in a difficult credit environment.
MDM: What do you want to see from a potential new customer?
DC: The key point is we're looking for relationships, not …
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Compared with one year ago, that's an improvement. In the September 2008 survey of MDM readers, 28 percent expected the economy to grow worse; the September 2009 survey shows just 16.7 percent expect the economy to worsen. Most (47.5 percent) expect the economy to stay the same.
More than half are "very concerned" over the state of the economy, and a little more than a third are "concerned."
Some respondents pointed to specific sectors: …
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"There is little we can do to impact the market trajectory, but there is a lot we can do to improve our own performance, and that is absolutely what we've got the teams focused on right now," CEO Ian Meakins said, speaking to investors about the company's financial results for fiscal year 2009.
The international distributor of building materials and plumbing supplies posted a loss of £1.17 billion (US$1.86 billion) for fiscal year 2009. Losses from discontinued operations – including contributions from Stock Building Supply prior to its disposal in June – were £441 million (US$700.1 million).
"Our final results reflect the harsh impact …
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MDM: This has been an interesting year. What are some of the issues that HARDI members have been dealing with over the last year?
David McIlwaine: Other than the general economic malaise, many of our members are tied to residential new construction markets. And in many areas, those markets collapsed 50 percent or 60 percent or more. That definitely provided challenges to our members.
In general as an industry, we're going through the phase-out of the R22 refrigerant …
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This is the pdf of this issue of Modern Distribution Management. Apply the full $24.95 pay-per-view cost toward an annual subscription (within 30 days of purchase), which includes two issues a month plus access to more than seven years of online archives and market data. Call 1-888-742-5060 or email info@mdm.com to subscribe.
- Premium
In a recent MDM survey on the economy, 39 percent of respondents said credit has become less available in the past six months. Nearly 54 percent said that access to credit has not changed significantly, implying credit remains tight for most.
In the survey, respondents noted banks have grown stricter, increasing collateral requirements, lowering credit lines and increasing rates and fees.
"Credit institutions are no longer willing to loan on …
- Premium
- Premium
Here's what Cantara says about banking in a difficult credit environment.
MDM: What do you want to see from a potential new customer?
DC: The key point is we're looking for relationships, not …
- Premium
Compared with one year ago, that's an improvement. In the September 2008 survey of MDM readers, 28 percent expected the economy to grow worse; the September 2009 survey shows just 16.7 percent expect the economy to worsen. Most (47.5 percent) expect the economy to stay the same.
More than half are "very concerned" over the state of the economy, and a little more than a third are "concerned."
Some respondents pointed to specific sectors: …
- Premium
"There is little we can do to impact the market trajectory, but there is a lot we can do to improve our own performance, and that is absolutely what we've got the teams focused on right now," CEO Ian Meakins said, speaking to investors about the company's financial results for fiscal year 2009.
The international distributor of building materials and plumbing supplies posted a loss of £1.17 billion (US$1.86 billion) for fiscal year 2009. Losses from discontinued operations – including contributions from Stock Building Supply prior to its disposal in June – were £441 million (US$700.1 million).
"Our final results reflect the harsh impact …
- Premium
- Premium
MDM: This has been an interesting year. What are some of the issues that HARDI members have been dealing with over the last year?
David McIlwaine: Other than the general economic malaise, many of our members are tied to residential new construction markets. And in many areas, those markets collapsed 50 percent or 60 percent or more. That definitely provided challenges to our members.
In general as an industry, we're going through the phase-out of the R22 refrigerant …
- Premium
This is the pdf of this issue of Modern Distribution Management. Apply the full $24.95 pay-per-view cost toward an annual subscription (within 30 days of purchase), which includes two issues a month plus access to more than seven years of online archives and market data. Call 1-888-742-5060 or email info@mdm.com to subscribe.