Market Chatter-Corporate finance press digest

Finance and Accounting Employee Confidence Index Soars in Q2 as Macroeconomic Confidence Improves

* Russia’s Onexim group, owned by tycoon Mikhail Prokhorov, is in talks to buy half of mobile phone retailer Svyaznoy, Kommersant newspaper said on Friday, citing sources. * CVC Capital Partners Ltd and KKR & Co have expressed interest in buying Neiman Marcus Inc, the luxury retailer that filed for an initial public offering in June, Bloomberg reported, citing people familiar with the matter. () * Starboard Value LP, an investor in Smithfield Foods Inc , approached buyout firms and meat processors to encourage them to form a bidding group to derail a Chinese takeover, said two people familiar with the process, Bloomberg reported. ()

, a consumer-finance arm of Sun Hung Kai & Co. thats expanding in China, may sell shares in Hong Kong to fund its growth in the worlds second-largest economy. United Asia expanded lending on the mainland last year by more than 60 percent to more than 2 billion yuan ($327 million), compared with 10 percent growth in its Hong Kong loan book, which totaled HK$8.3 billion ($1.1 billion), Chief Executive Officer Akihiro Nagahara said in an interview on Aug. 9.

The Index encompasses employee attitudes and sentiment around the economy, job market, job security, employers and in their ability to find a new job. “We are seeing a lot of movement in the finance and accounting space, particularly in areas such as insurance underwriting and financial analysis,” said Steve McMahan, President of Randstad Finance & Accounting, Randstad Human Resources, Accountants International and The Mergis Group. “We’ve also seen a major spike in transactional based accounting searches, technical accounting, domestic tax, and audit searches at the analyst, accountant, and manager levels.” Q2 2013 Survey Highlights: Increasing Percentage of Finance and Accounting Workers Believe the Economy is Getting Stronger Forty-two percent of finance and accounting employees believe the economy is getting stronger, rising 12 percentage points from the first quarter of 2013. The number of finance and accounting workers who believe the economy is getting weaker took a steep, 16-percentage-point drop, from 32 percent in Q1 2013 to 16 percent in Q2.


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