The Cash Flow News Weekly

So, what’s been making headlines in cash flow news this week?  It seems to be all about the energy sector… British energy giants BP are telling us that their profits are down 23% due to a drop in contribution from its Russian business; however its cash flows are swelling resulting in share price increase – an interesting one:  profits down, cash up, share price up – what does that tell you!! Click here to read more. Shell are also facing decreasing profits with a 44% plummet, however not all is bad as they also seem to be … Continue reading

The Cash Flow News Weekly

This week in the Cash Flow News…   George Osborne Announces Spending Cuts Chancellor of the Exchequer George Osborne unveiled plans for a variety of spending cuts across the board. In a statement to MPs, he commented that “while recovery from such a deep recession can never be straightforward, Britain is moving out of intensive care, and from rescue to recovery.” Osborne announced in his March Budget that current spending would have to be cut by £11.5 billion – 8.5%. The austerity will lead to the loss of pay rises for civil servants and winter fuel payments … Continue reading

The Cash Flow News Weekly

What’s been in the Cash Flow News this week? Metallica’s financial troubles Hard rock band Metallica has hit a bit of a cash flow rough patch. Their first venture into the world of music festivals has been successful amongst fans – but a headache fortheir accountants. The Orion Music + More festival, a 2-day interactive festival tailor-made for Metallica’s loyal fans, is based in Detroit, after relocating from Atlantic City. The city itself is preparing for possible bankruptcy, as we reported last month – and is set to make over half a million dollars from … Continue reading