“COVID left a clear message – you call it a YOLO [you only live once] effect. In Italy we say carpe diem. You make money, you can make good investments in equity, bonds, real estate, but your lifespan is limited, so you also have fun”
Telecommunications
“We have this explosion of data in our networks” José María Álvarez-Pallete López, CEO, Telefónica Group [one of the largest telcos in the world]
Superannuation
“We still see high levels of household wealth in both countries [AUS/NZ], and with the growing retirement age population, there is an increasing need for new retirement products and services. Our superannuation system in Australia is one to be proud of and while much has been done to focus on the savings phase, we need the same attention on supporting Australians in the post-savings phase” Alexis George, CEO, AMP Ltd
Luxury Spending
“COVID left a clear message – you call it a YOLO [you only live once] effect. In Italy we say carpe diem. You make money, you can make good investments in equity, bonds, real estate, but your lifespan is limited, so you also have fun” Benedetto Vigna, CEO, Ferrari S.p.A
China
“The question is inflation, which is taking its toll, with a particular intensity on this group of customers [Louis Vuitton] and we see the same thing in the U.S. and in Europe and it's quite interesting that we don't see it in China. The reason why we don't see it in China is that there is no such thing, at least, for the time being, as inflation in China” Jean-Jacques Guiony, CFO, LVMH Moët Hennessy Louis Vuitton
“China’s economic recovery has been uneven, prompting more government support to sustain growth and meet the target of around 5% GDP growth this year. The manufacturing sector remains strong, given increased industrial production and exports, while property activity remains weak, despite improved policy support” Market Statement, Rio Tinto Ltd
Banking
“The rebound in banking gained speed during the quarter [1QCY24], led by near-record levels of investment-grade debt issuance as improved market conditions enables issuers to pull forward activity” Jane Fraser, CEO, Citigroup Inc
“Every bank in Australia, every bank in the globe is driving towards digital capture and working with the customers in a digital way” Alexis George, CEO, AMP Ltd
“This [1HFY24] result has been impacted by continuing industry headwinds, with heightened competition for lending and deposits and higher funding costs” Patrick Allaway, CEO, Bank of Queensland Group Ltd
Retail
“Today, we continue to operate in times of unprecedented change that come with unusual opportunities for growth across the areas in which we operate. For instance, while we have a nearly $500B consumer business, about 80% of the worldwide retail market segment still resides in physical stores” Andy Jassy, CEO, Amazon.com Inc
Join our investment community. Be the first to receive NAOS News, Podcasts, Insights and Invitations.
By subscribing, you consent to NAOS using your personal information in accordance with its Privacy Policy, a copy of which is available here.
Business & Society
“The amount of societal and business benefits from the [Generative AI] solutions that will be possible will astound us all” Andy Jassy, CEO, Amazon.com Inc
Financial Markets
“What we see is increasing engagement of what you would call retail traders in the options markets” Milan Galik, CEO, Interactive Brokers Group Inc
Data Centre Construction
“There is an explosion going on in the building of data centres. This is like something I’ve never seen” Steve Schwarzman, CEO, Blackstone Group
“It’s not the first thing you want to do [buy your own cranes], but there are definitely challenges to solve as that demand grows up and we’re competing for the same crane... Hopefully suppliers bring more and more into the country” Andrew Deveson, Director, Kapitol Group [largest data centre builder in APAC]
Electricity
“The amount of money that’s being invested in this area is breathtaking. And it’s happening now all over the world. And one of the things that I never considered is that in most countries, they’re going to start running out of electricity” Steve Schwarzman, CEO, Blackstone Group
W.F.H
“It turns out, it’s really hard to do bold, disruptive innovation, to develop a boldly disruptive shoe on Zoom” John Donahoe, CEO, Nike Inc
Health & Wellness
“There was a gap in the market [in Australia] and we’ve taken advantage of the growing demand for healthy alternatives to fast food” Renan Fretes Pinto, CEO, Oakberry [multinational Acai retailer]
USA
“The FY25 outlook is challenging, and the whole organisation is focused on our action plan to reignite boots demand, particularly in the USA, our largest market. The nature of USA wholesale is that when customers gain confidence in the market we will see a significant improvement in our business performance, but we are not assuming that this occurs in FY25” Kenny Wilson, CEO, Dr Martens
Join our investment community. Be the first to receive NAOS News, Insights and Invitations.
