Author: roymorgansocial

Old cars saving radio, but it’s headed for disruption

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Original article by Jennifer Duke
The Age – Page: 8 : 2-Jan-18

Citi analyst David Kaynes says that radio could be the next traditional media sector to be "disrupted" by internet advertising. He says the reason that radio has remained relatively immune from "digital disruption" to date is the average age of Australian cars, with owners of older cars unable to access digital radio in their vehicles. Metropolitan radio stations currently generate around 70 per cent of their weekday revenue from the drive and breakfast shifts.

CORPORATES
CITI AUSTRALIA PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, 2DAY FM AUSTRALIA PTY LTD, KISS FM

UK CEO and family seaplane victims

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Original article by Perry Duffin, Jodie Stephens
The Australian Financial Review – Page: 5 : 2-Jan-18

Richard Cousins, the CEO of catering company Compass Group, has been identified as one of the six victims of a seaplane crash north of Sydney. His fiance and her daughter were also killed, along with Cousin’s sons William and Edward, and pilot Gareth Morgan. Cousins became CEO of Compass in 2006, but announced in September 2017 that he planned to retire as head of what is the largest catering company in the world. Prime Minister Malcolm Turnbull has offered his sympathies to the families of the deceased.

CORPORATES
COMPASS GROUP PLC, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BPB PLC, SAINT GOBAIN, RECKITT BENCKISER PLC, HBOS PLC, THE PENINSULAR AND ORIENTAL STEAM NAVIGATION COMPANY PLC

Vic govt hits back over youth crime

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Original article by Jacqueline Le
The Australian Financial Review – Page: 5 : 2-Jan-18

Victoria’s shadow attorney-general John Pesutto contends federal action is needed to address what he contends is a growing gang culture in that state. Prime Minister Malcolm Turnbull has accused Victorian Premier Daniel Andrews of lacking leadership over what Turnbull claims is increased lawlessness and gang violence in Victoria. However, acting Roads and Road Safety Minister Phillip Dalidakis claims Turnbull is playing "games", instead of offering to work with the Victorian government on the issue.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, VICTORIA. DEPT OF PREMIER AND CABINET, VICTORIA. DEPT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES

Media Super is instrumental to ACO’s music-making success

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Original article by Alice Uribe
The Australian Financial Review – Page: 4 : 2-Jan-18

Media Super has paid $A1 million to acquire a 17 per cent stake in the Australian Chamber Orchestra’s instrument fund. The ACO instrument fund was launched in 2011, at which time unit prices were $A1.00; they were valued at $A1.40 in April 2017. It invests in stringed instruments, with its most recent purchase being the Amati Cello, which it acquired for $US1 million ($A1.4 million) in 2016. ACO MD Richard Evans says choosing a new instrument can be quite a lengthy process.

CORPORATES
MEDIA SUPER LIMITED, AUSTRALIAN CHAMBER ORCHESTRA

Mail model: PM suggests postal survey on republic

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Original article by Andrew Tillett
The Australian Financial Review – Page: 3 : 2-Jan-18

Prime Minister Malcolm Turnbull has no intention of revisiting the idea of Australia becoming a republic while Queen Elizabeth remains monarch. However, Turnbull, who was head of the Australian Republic Movement before becoming an MP, says the method by which Australians would elect a president in the event it becomes a republic could be decided by a postal ballot, and this would be held before any referendum on the issue.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN REPUBLICAN MOVEMENT, NEWS CORPORATION – ASX NWS, AUSTRALIAN LABOR PARTY

Super fund returns outpace property

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Original article by Sally Patten, Alice Uribe, Matthew Cranston
The Australian Financial Review – Page: 1 & 4 : 2-Jan-18

The average balanced superannuation fund returned 10.5 per cent in the 12 months to December, the first time in five years that returns have been of double-digit nature. The 10.5 per cent return achieved by super funds exceeded the total average return of 9.1 per cent from property across capital cities for the 12 months to November. However, superannuation experts warn that the strong returns achieved in the past year are not likely to be repeated in 2018.

CORPORATES
THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED, FIRST STATE SUPER, SUPERRATINGS PTY LTD, CHANT WEST FINANCIAL SERVICES PTY LTD, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, AUSTRALIANSUPER PTY LTD, KINETIC SECURITIES PTY LTD, SUNSUPER PTY LTD, HOST-PLUS, AUSTSAFE, VISION SUPER PTY LTD, INTRUST SUPER FUND, VICSUPER PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Whateley pulls up ABC stumps and jumps ship to rival radio team

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Original article by Nicole Jeffery
The Australian – Page: 3 : 2-Jan-18

Radio personality Gerard Whateley has announced he is leaving the ABC to join Melbourne radio station SEN. Whateley will start with SEN on 29 January, and says the offer to join it was "irresistible". His duties at SEN will include hosting its morning program. Whateley joined the ABC in 2004, while he also hosts Fox Footy’s "AFL 360 program", a role in which he will continue. His announcement means he will not be part of the ABC’s broadcasting team for the upcoming Sydney Test match.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, SPORTS ENTERTAINMENT NETWORK PTY LTD, FOX FOOTY CHANNEL, CROCMEDIA, PACIFIC STAR NETWORK LIMITED – ASX PNW

PM confident no harm to relationship with Trump over Downer meeting

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Original article by Andrew Tillett, Alice Uribe
The Australian Financial Review – Page: Online : 2-Jan-18

It has been revealed that the FBI investigation into whether Russia possibly interfered with the US 2016 election was apparently sparked by a comment to Alexander Downer. An aide to Donald Trump told Downer, Australia’s High Commissioner to the UK, in May 2016 that Russia had "dirt" on Hillary Clinton, Trump’s presidential rival at the time. This information was subsequently passed onto US intelligence officials, which led to the FBI investigation, which also looked at whether the Trump camp was in collusion with Russia. Prime Minister Malcolm Turnbull does not think the revelations concerning Downer will have any impact on his relationship with Trump.

CORPORATES
UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED

Industry superannuation funds set for growth

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Original article by Roy Morgan
Market Research Update – Page: Online : 22-Dec-17

Of the 13.4 million Australians aged 14 and over with superannuation, 6.8 million (50.7%) are members of an industry fund. This is well ahead of retail funds with 3.9 million (29.1%) and all other types combined, which make up only 2.7 million. This is one of the major findings from the new 2017 edition of the Roy Morgan ‘Superannuation & Wealth Management in Australia’ report. Although the median balance of industry fund members is currently only $38,500, which is lower than the market average of $57,800, this has a lot to do with the lower median age of industry fund members. The current median age of their members is only 39.6 years, well below all other superannuation types and as a result they have the best long term growth potential. Self-managed superannuation fund members (SMSFs) have the oldest median member age with 59.0 years, followed by public sector funds (49.6 years) and retail funds (45.7 years).

CORPORATES
ROY MORGAN LIMITED

Slash tax or lose investors

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Original article by Simon Benson
The Australian – Page: 1 & 4 : 21-Dec-17

A new analysis by the Treasury notes that since 2001 Australia has failed to respond to the global trend to reduce corporate tax rates. The Treasury briefing also cautions that Australian wages, investment, economic growth and the federal Budget will be adversely affected if federal parliament fails to reduce the company tax rate. The release of the Treasury analysis has coincided with the passage through both houses of Congress of US President Donald Trump’s tax package.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), INTERNATIONAL MONETARY FUND, AUSTRALIAN LABOR PARTY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT