Tempus: Misys avoids storm damage

Not for the first time this year, followers of Misys have scanned its numbers in vain for signs that the credit crunch has put a bug in its system. If yesterday’s year-end trading statement was notable, it was in showing that the mid-cap software house – which draws two thirds of its sales from financial services - has produced rising revenues from its continuing businesses for the first time in seven years.

Euler Hermes, world's biggest credit insurer says premiums may rise as companies fail

The cost of credit insurance is set to rise after Euler Hermes, the world's market leader, issued a profit warning after the collapse of Woolworths, the British retailer.

Wesfarmers expecting solid growth

Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.

Merrill lowers Woolies guidance

Global investment house Merrill Lynch reduces its annual earnings forecasts for Woolworths but says the nation's largest retailer is still in great shape.