Author: roymorgansocial

Nats urged to opt for reshuffle-lite

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Original article by Phillip Coorey, Andrew Tillett
The Australian Financial Review – Page: 4 : 12-Jan-18

A National Party insider has cautioned against a major revamp of the junior Coalition partner’s ministerial team under new leader Michael McCormack. The source also warned that the Nationals would face unrest within its ranks if McCormack is seen to be rewarding his supporters when allocating portfolios. Meanwhile, there is speculation that Darren Chester will replace McCormack as the Minister for Veterans Affairs, with the latter set to become Minister for Infrastructure.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF VETERANS’ AFFAIRS, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. INDEPENDENT PARLIAMENTARY EXPENSES AUTHORITY

Energy mess deters US investors

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 28-Feb-18

DowDuPont’s executive chairman Andrew Liveris has warned that uncertainty over Australia’s energy policy is adversely affecting foreign investment intentions. He recently participated in a round-table discussion in the US with Prime Minister Malcolm Turnbull, state and territory leaders and the CEOs of major US companies. Liveris told the meeting that while Dow is keen to further invest in Australia, this is dependent on a competitive and reliable energy market. He also urged bipartisan support for the Federal Government’s National Energy Guarantee.

CORPORATES
DOWDUPONT INCORPORATED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN LABOR PARTY, COUNCIL OF AUSTRALIAN GOVERNMENTS

Shorten vowed to kill Adani mine

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Original article by Rhian Deutrom, Sarah Elks
The Australian – Page: 1 & 4 : 28-Feb-18

Former Australian Conservation Foundation president Geoff Cousins held private meetings with Opposition Leader Bill Shorten in January. They discussed the potential environmental impact of Adani’s proposed Carmichael coal mine in Queensland, and Cousins says Shorten repeatedly stated that Labor will revoke Adani’s coal mining licence on environmental grounds if it wins the next election. Shorten’s stance on the Carmichael mine has wavered over the last year, and Cousins argues that he needs to resolve Labor’s policy regarding the controversial project.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET

ANZ-Roy Morgan Australian Consumer Confidence up 2.3% to 117.9

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Feb-18

ANZ-Roy Morgan Australian Consumer Confidence rose 2.3% to 117.9 in the week ended 25 February, partially recovering from the 3.5% fall the previous week. The details were broadly positive, with four out of five sub-indices posting gains. Views towards current economic conditions firmed 0.4% after sharp losses in the previous two weeks. While views toward current economic conditions have only stabilised after these falls, they remain above their-long term average. Consumers were more optimistic about future conditions, with this sub-index bouncing 6% and almost offsetting the 8.8% drop in the previous week. Views towards current finances jumped 6%, bringing the sub-index to a six-week high of 110.4. The recovery in sentiment around future conditions was more modest (1.5%), offsetting the 1.3% fall in the previous week.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Comcast takes on Fox, Disney with £22.1 billion bid for Sky

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Original article by Joe Mayes
The Australian Financial Review – Page: Online : 28-Feb-18

US media giant Comcast is offering Stg12.50 per share for British pay-TV company Sky. Sky’s shares peaked at Stg13.55 in response to the Stg22.1bn ($A39.5bn) bid. Rupert Murdoch’s 21st Century Fox had previously offered Stg10.75 per share to assume full ownership of Sky. The Comcast bid also has implications for Walt Disney Company’s deal to acquire the bulk of Fox’s assets, including its stake in Sky. Fox had rejected Comcast’s offer in late 2017 to buy most of its assets for $US60bn in favour of the deal with Disney.

CORPORATES
COMCAST CORPORATION, SKY PLC, 21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, ODEY ASSET MANAGEMENT LLP, NBC UNIVERSAL INCORPORATED, JEFFERIES AND COMPANY, ENDERS ANALYSIS LIMITED

Davis Cup greats dismayed over plan to dump century of tradition for fast format

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Original article by Courtney Walsh
The Australian – Page: 1 & 6 : 28-Feb-18

Australian tennis legends such as Neale Fraser and Pat Cash has criticised the International Tennis Federation’s proposal for a major overhaul of the Davis Cup tournament. Although the trophy would still be called the Davis Cup, the tournament itself would be renamed the World Cup of Tennis Finals. It would played at a neutral venue over one week in November rather than the traditional format of home-and-away ties for each competing nation. In addition, each match would feature just three sets instead of the five at present.

CORPORATES
INTERNATIONAL TENNIS FEDERATION

Satisfaction with banks up again in January

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Feb-18

New research from Roy Morgan shows that customer satisfaction with Australia’s banks in the six months to January 2018 was 81.2%, up from 80.8% in December. This is the best figure seen since June 2017, and it is now well above the long-term average of 73.8% calculated since 2001. The Commonwealth Bank again had the highest customer satisfaction rating of the big four in December (up 0.5 % at 80.1%), followed by NAB (up 0.5% to 79.1%). However, Bendigo Bank (88.4%) had the highest customer satisfaction rating among the 10 largest consumer banks, followed by Bank of Queensland (85.8%). Meanwhile, the mortgage customers of the smaller banks continue to have higher satisfaction ratings than the big four.

CORPORATES
ROY MORGAN LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, BENDIGO BANK, BANK OF QUEENSLAND LIMITED – ASX BOQ, ING BANK (AUSTRALIA) LIMITED, BANK OF WESTERN AUSTRALIA LIMITED, ST GEORGE BANK LIMITED, SUNCORP BANK

Seven not seeking legal costs from Harrison

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Original article by Max Mason
The Australian Financial Review – Page: 3 : 28-Feb-18

The long-running legal dispute between Seven West Media and former employee Amber Harrison has returned to court. Seven alleges that Harrison was in contempt of court by posting tweets about the media group despite being subject to a suppression order. Seven is seeking a declaration to this effect from the Supreme Court of New South Wales, although sources have indicated that the company is unlikely to enforce a costs order against her. Harrison left the media group in the wake of an affair with CEO Tim Worner.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SUPREME COURT OF NEW SOUTH WALES, PACIFIC MAGAZINES PTY LTD, DELOITTE TOUCHE TOHMATSU LIMITED, AUSTRALIAN BROADCASTING CORPORATION, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Roy Morgan Net Trust Score (NTS)

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-Feb-18

The Roy Morgan Net Trust Score (NTS) has identified Australia’s most trusted industry sectors and brands. Industry categories with a positive Net Trust Score (positive NTS) are Retail, Travel, Charities and Medical, while categories with a negative Net Trust Score (negative NTS) include Banks, Telecommunications, Utilities, Mining & Petroleum, Media and Government. Meanwhile, the top-10 brands with a positive NTS (listed alphabetically) are the ABC, ALDI, Bendigo Bank, Bunnings, IGA, JB Hi-Fi, Kmart, NRMA, Qantas and Toyota. The top-10 brands with a negative NTS are Adani, ANZ, CBA, Coles, Facebook, NAB, NBN, Optus, Telstra and Westpac.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN BROADCASTING CORPORATION, ALDI STORES SUPERMARKETS PTY LTD, BENDIGO BANK, BUNNINGS GROUP LIMITED, IGA, JB HI-FI LIMITED – ASX JBH, KMART AUSTRALIA LIMITED, NRMA INSURANCE LIMITED, QANTAS AIRWAYS LIMITED – ASX QAN, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, ADANI MINING PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COLES SUPERMARKETS AUSTRALIA PTY LTD, FACEBOOK INCORPORATED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, NBN CO LIMITED, OPTUS, TELSTRA CORPORATION LIMITED – ASX TLS, WESTPAC BANKING CORPORATION – ASX WBC

Nats urged to opt for reshuffle-lite

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Original article by Phillip Coorey, Andrew Tillett
The Australian Financial Review – Page: 4 : 12-Jan-18

A National Party insider has cautioned against a major revamp of the junior Coalition partner’s ministerial team under new leader Michael McCormack. The source also warned that the Nationals would face unrest within its ranks if McCormack is seen to be rewarding his supporters when allocating portfolios. Meanwhile, there is speculation that Darren Chester will replace McCormack as the Minister for Veterans Affairs, with the latter set to become Minister for Infrastructure.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF VETERANS’ AFFAIRS, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. INDEPENDENT PARLIAMENTARY EXPENSES AUTHORITY