Author: roymorgansocial

New Century aims to make treasure from MMG’s trash

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Original article by Peter Ker
The Australian – Page: 15 : 26-Mar-18

New Century Resources is to rehabilitate the Century zinc mine in far north Queensland, with the mine, previously owned by MMG, having ceased production in late 2015. Should the rehabilitation of the Century mine be done in a profitable manner, New Century Resources may then look to resume mining at the site, with nearby deposits having shown promise. With the share price of New Century Resources having risen by 400 per cent over the last eight months, MMG CEO Jerry Jiao says he has no regrets about the 2017 deal that saw MMG pay New Century Resources to take the mine off its hands.

CORPORATES
NEW CENTURY RESOURCES LIMITED – ASX NCZ, MMG LIMITED – ASX MMG

Crossbenchers get green light to horsetrade on tax

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Original article by Ben Packham, Victoria Laurie
The Australian – Page: 1 & 4 : 26-Mar-18

A report by international tax experts Jack Mintz and Philip Bazel notes that Australia’s company tax rate is currently the fourth-highest among OECD member nations. However, they warn that Australia will be ranked second within two years unless the tax rate is reduced, while the nation risks losing global capital inflows. Finance Minister Mathias Cormann says the Federal Government is open to compromises with crossbench senators Derryn Hinch and Tim Storer in return for their support for the company tax cuts bill.

CORPORATES
AUSTRALIA. DEPT OF FINANCE, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, UNIVERSITY OF CALGARY, MINERALS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, ONE NATION PARTY

CA rejection opens door to pay-TV deal

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Original article by Darren Davidson
The Australian – Page: 24 & 26 : 26-Mar-18

Cricket broadcasting rights are likely to be shared by the free-to-air and pay-TV sectors, after Cricket Australia rejected a joint bid by the Nine and Ten networks. CBS executive Armando Nunez has also met with Tennis Australia officials, although his priority is said to be retaining Ten’s broadcasting rights to Big Bash League matches. Meanwhile, Facebook and Google have declined to comment on whether they have expressed interest in acquiring cricket streaming rights.

CORPORATES
CRICKET AUSTRALIA, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED, CBS CORPORATION, BIG BASH LEAGUE, TENNIS AUSTRALIA, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, YOUTUBE INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, SINGTEL OPTUS PTY LTD, ENGLISH PREMIER LEAGUE, TELSTRA CORPORATION LIMITED – ASX TLS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Technology key to Qantas resurgence

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Original article by Annabel Hepworth
The Australian – Page: 19 : 26-Mar-18

Qantas CEO Alan Joyce says airfares from Australia to Britain have continued to decline over the history of the "kangaroo route". With Qantas having just launched its first non-stop flights from Australia to London, Joyce notes airfares to the UK are now equivalent to a week’s average wage, whereas as recently as the 1960s they were equal to 22 weeks average wages. He says that new technologies are helping Qantas to keep its airfares competitive on Australian to Europe services.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, BOEING COMPANY

Foxtel weighs Fox Sports streaming service

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Original article by Max Mason
The Australian Financial Review – Page: 17 : 26-Mar-18

Foxtel is working on an "over-the-top" streaming video service for Fox Sports, which could allow consumers to view a limited selection of sports channels without taking out a pay-TV subscription. Should the new video-on-demand services be launched, it is expected to have unique branding to distinguish it from Foxtel and its existing product range. Foxtel is keen to attract consumers who have previously not been interested in taking up a pay-TV subscription.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, FOXTEL NOW, PRESTO ENTERTAINMENT PTY LTD

Woolworths increases lead in $100b+ grocery war

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-18

A Roy Morgan Single Source survey shows that Woolworths had 32.2% of Australia’s total grocery market (including fresh food) in the year to December 2017, an increase of 0.8% over the 2016 result. Coles Group’s share of the grocery market rose by 0.1% in 2017, to 28.8%. Aldi’s market share rose 0.8% to 12.1%, but IGA’s share fell 1.1% to 7.4%. Non-supermarket food retailers such as butchers, fruit shops, markets and convenience stores currently have an 11.8% market share, which is down by a combined 0.8% points. Meanwhile, very few customers only shop at one supermarket; although 72.7% of grocery buyers shop at Woolworths, just 8% shop only at Woolworths. Likewise, 70% of grocery buyers shop at Coles, but only 6.6% shop there exclusively. The store overlap in shoppers of the big two is very large, with over half of them shopping at both Coles and Woolworths.

CORPORATES
ROY MORGAN LIMITED, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES GROUP LIMITED, ALDI STORES SUPERMARKETS PTY LTD, IGA

Over 5 million Aussies to study in 2018

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-18

A Roy Morgan Single Source survey, which was carried out in the December 2017 quarter, has found that 26.1% Australians of all ages (or 5.2 million people) intend to study or do a course in the next 12 months. Some 72.7% of 14-24 year olds (2.3 million) intend to study or do a course. However, significant proportions of older age groups are intent on furthering their education. Over a quarter of 25-34 year olds (1.06 million Australians) and over a fifth of 35-49 year olds (990,000 Australians) intend to study or do a course in the next 12 months. In addition, nearly 690,000 Australians aged 50+ intend to do so. Analysis using Roy Morgan’s Helix Personas consumer segmentation tool shows that members of the Metrotechs and Today’s Families communities are most likely to intend to study, while Aussie Achievers are least likely to be considering studying in the near future.

CORPORATES
ROY MORGAN LIMITED

Smith’s shame

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Original article by Peter Lalor
The Australian – Page: 1 & 6 : 26-Mar-18

The International Cricket Council has fined Steve Smith his entire match fee for the current Test against South Africa in the wake of the ball-tampering scandal. Smith will also be banned from playing in the final Test of the series. Batsman Cameron Bancroft has been fined 75 per cent of his match fee after admitting that he had attempted to change the condition of the ball using adhesive tape. Meanwhile, Prime Minister Malcolm Turnbull says it "beggars belief" that the Australian cricket team has cheated, while Michael Clarke and Adam Gilchrist are among the former players to have expressed outrage over the team’s conduct.

CORPORATES
INTERNATIONAL CRICKET COUNCIL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, CRICKET AUSTRALIA, AUSTRALIAN SPORTS COMMISSION, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, QANTAS AIRWAYS LIMITED – ASX QAN

Football participation stabilises with more women playing

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-Mar-18

A Roy Morgan Single Source survey has found that the number of Australians aged 14+ who play football (of any code) has fallen from 2.2 million in the year to December 2013 to 19.5 million in the year to December 2017. While the number of football participants has fallen by 12.1 per cent overall, Rugby Union has recorded the biggest fall (down 29.4% to 178,000 participants), followed by soccer (down 10% to 1.36 million). Australian Rules is down just 4.3% to 604,000 participants, and Rugby League is down 8.7% to 327,000 participants. Against the trend of the overall decline in participation is the rising number of women participating in all forms of football. Analysis shows there are now 548,000 women participating regularly or occasionally in any of the four leading football codes, up 4.4% since 2013.

CORPORATES
ROY MORGAN LIMITED

Credit card debt to take 138 years to pay

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Original article by James Frost
The Australian Financial Review – Page: 9 : 23-Mar-18

Commonwealth Bank executive Clive van Horen has conceded that the bank erred in the case of problem gambler David Harris. Harris has told a public hearing of the banking royal commission how the bank had continued to give him credit cards and had extended his credit limit even though he had admitted to being a problem gambler. Van Horen told the commission that the bank has since tightened its rules in relation to giving credit to customers who appear to have gambling problems.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY