Author: roymorgansocial

Australian Digital Inclusion Index 2017 by Telstra, Roy Morgan, RMIT and Swinburne shows Ararat and Stawell lag behind

roymorgansocial Leave a comment

Original article by Rex Martinich
The Stawell Times-News – Page: Online : 7-Nov-17

The latest Australian Digital Inclusion Index shows that the North West and West Victoria regions are below both the state and national average on the key metrics of internet access, affordability and residents’ digital skills. Stawell and Ararat are among the regional towns in Victoria that are lagging in terms of digital inclusion. The report was produced by Telstra, Roy Morgan Research, RMIT and Swinburne University

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, ROY MORGAN RESEARCH LIMITED, RMIT UNIVERSITY, SWINBURNE UNIVERSITY OF TECHNOLOGY

Abuse ruling faces challenge from South32

roymorgansocial Leave a comment

Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 9-Nov-17

South32 will appeal against the Fair Work Commission’s ruling that the sacking of a Construction, Forestry, Mining & Energy Union official constituted unfair dismissal. South32 was ordered to reinstate Matthew Gosek after the FWC found that the offensive language which prompted Gosek’s dismissal is widely used in society. However, Macquarie Group director Patricia Cross has described the ruling as "shameful". The issue of offensive language in the workplace has also come under scrutiny in the case against Westpac over the alleged manipulation of the bank bill swap rate.

CORPORATES
SOUTH32 LIMITED – ASX S32, AUSTRALIA. FAIR WORK COMMISSION, MACQUARIE GROUP LIMITED – ASX MQG, WESTPAC BANKING CORPORATION – ASX WBC, HERBERT SMITH FREEHILLS PTY LTD, DIVERSITY COUNCIL AUSTRALIA LIMITED

Foxtel pulls new service out of box

roymorgansocial Leave a comment

Original article by Darren Davidson
The Australian – Page: 20 : 9-Nov-17

Pay-TV group Foxtel has officially launched its new streaming "puck" device. The Foxtel Now puck will be available to purchase from 10 November and provides streaming access to Foxtel’s pay-TV service as well as free-to-air channels. Users can also install apps to access rival streaming services such as Stan. Foxtel CEO Peter Tonagh says the Foxtel Now puck is aimed at younger customers than its traditional cable and satellite TV service.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, FOXTEL NOW, STAN ENTERTAINMENT PTY LTD, YOUTUBE INCORPORATED, NETFLIX INCORPORATED, FOX SPORTS AUSTRALIA PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS

ASX seven years behind the world

roymorgansocial Leave a comment

Original article by Sally Patten
The Australian Financial Review – Page: 23 : 9-Nov-17

Morgan Stanley Wealth Management’s MD Matthew Koch has downplayed the significance of the S&P/ASX 200’s first close above 6,000 points in almost a decade. He argues that key overseas indices passed their pre-global financial crisis highs between 3-4 years ago. Morgan Stanley’s Christopher Bell adds that the Australian sharemarket’s limited earnings growth means the benchmark index is unlikely to reach its record high of 6,828.7 points for some time. Koch and his colleagues manage some $A1.5bn on behalf of 55 clients.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD, STANDARD AND POOR’S 500 INDEX, NIKKEI 225 INDEX, FTSE 100 INDEX, EURO STOXX 50 INDEX, MERRILL LYNCH (AUSTRALIA) PTY LTD

Can resources rally continue?

roymorgansocial Leave a comment

Original article by Sarah Turner
The Australian Financial Review – Page: 33 : 9-Nov-17

Mining and energy stocks have been a major contributor to the Australian sharemarket’s rise above 6,000 points, with the price of both Brent crude oil and iron ore rebounding in recent weeks. Lachlan Shaw of UBS expects demand for commodities in China to remain strong, despite expectations of a slight decline in the nation’s economic growth, while David Lafferty of Natixis Asset Management notes that the world is currently experiencing synchronised economic growth.

CORPORATES
UBS HOLDINGS PTY LTD, NATIXIS ASSET MANAGEMENT, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, STANDARD AND POOR’S ASX 200 INDEX

Our company tax to top world

roymorgansocial Leave a comment

Original article by David Uren
The Australian – Page: 1 & 4 : 9-Nov-17

The tax rate for large Australian companies has remained unchanged since 2000, when it was reduced to 30 per cent. However, the average company tax rate in advanced countries has fallen from 32 per cent to just 24 per cent over the last 17 years. The Treasury has warned that Australia’s ability to attract business investment will be adversely affected if the nation fails to respond to plans by the US to slash its company tax rate, while Australia will also face lower growth in GDP and real wages. Business Council of Australia CEO Jennifer Westacott has urged a reduction in the company tax rate.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Tale of two cities for luxury home prices

roymorgansocial Leave a comment

Original article by Elizabeth Redman
The Australian – Page: 2 : 9-Nov-17

Sydney is ranked eighth on the quarterly Knight Frank Prime Global Cities Index, down from sixth position in the June quarter. The top end of Sydney’s residential property market recorded growth of 11 per cent in the year to September, compared with 11.5 per cent growth in the year to June. Melbourne has risen from 10th to ninth, with prestige residential properties rising by 10.4 per cent, up from 9.1 per cent annual growth in the June quarter. Guangzhou and Shanghai have recorded the largest growth in prime residential property values.

CORPORATES
KNIGHT FRANK

Fortescue looks to new horizons

roymorgansocial Leave a comment

Original article by Glenda Korporaal
The Australian – Page: 20 : 9-Nov-17

More than 90 per cent of Fortescue Metals Group’s iron ore is exported to China. However, outgoing CEO Nev Power has flagged plans to lift the volume of exports to other nations in response to Chinese steel mills’ growing demand for higher-grade iron ore. Fortescue already ships some iron ore to the UK and Germany, and Power says it aims to build on this, as well as seeking other export markets in Asia. Power has also advised that Fortescue will undertake a feasibility study on its Eliwana deposit at the Western Hub in the Pilbara.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RESERVE BANK OF AUSTRALIA, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

ALP blocks scrutiny of dubious trio

roymorgansocial Leave a comment

Original article by Rosie Lewis, Andrew Clennell, Simon Benson
The Australian – Page: 1 & 6 : 9-Nov-17

Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten discussed parliament’s dual citizenship crisis on 8 November, although they did not reach an agreement on proposed disclosure rules. Meanwhile, the Australian Labor Party’s Justine Keay, Susan Lamb and Josh Wilson and the Liberal Party’s Jason Falinski are the latest federal MPs to come under scrutiny over their eligibility to be in parliament over dual citizenship concerns.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, HIGH COURT OF AUSTRALIA

LNP clear: ‘There will be no deals done with One Nation’

roymorgansocial Leave a comment

Original article by Jamie Walker, Michael McKenna
The Australian – Page: 8 : 8-Nov-17

Liberal-National Party of Queensland president Gary Spence has stressed that it will not seek a preferences deal with One Nation. He also notes that One Nation’s federal leader Pauline has also ruled out a preferences deal with the LNP in the state election, although Premier Annastacia Palaszczuk continues to claim that the LNP and One Nation will agree to swap preferences. Meanwhile, Hanson has downplayed suggestions that One Nation will seek a role in the state’s future government if it gains the power of power.

CORPORATES
LIBERAL-NATIONAL PARTY OF QUEENSLAND, ONE NATION PARTY, AUSTRALIAN LABOR PARTY, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ADANI MINING PTY LTD, LIBERAL PARTY OF WESTERN AUSTRALIA, NATIONAL PARTY OF AUSTRALIA