Author: roymorgansocial

More workers wanted as world demand for resources grows

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Original article by Rachel Baxendale
The Australian – Page: 2 : 9-Oct-17

Job advertising site Indeed has reported an 84 per increase in jobs for "fly-in, fly-out" workers compared with 2016. Western Australia is the most popular state for FIFO jobs, with 45 per cent of adverts, followed by Queensland, the Northern Territory and South Australia. The surge in jobs for FIFO workers can be attributed to a number of factors, including restrictions on visas for overseas workers and an improvement in commodity prices.

CORPORATES
INDEED INCORPORATED

Plan for reboot of GST carve-up

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Original article by Simon Benson
The Australian – Page: 1 & 6 : 9-Oct-17

The Productivity Commission’s interim report on its review of the system for distributing goods and services tax revenue will be released on 9 October. The report is said to be broadly supportive of the "horizontal fiscal equalisation" formula for allocating GST revenue but will advocate some changes due to concerns about the current system’s impact on productivity. However, any attempt to change the GST formula is likely to meet with strong opposition from some states. The Commission’s final report will be released in 2018.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, TASMANIA. DEPT OF PREMIER AND CABINET, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE

Newcrest looks to solar power for Cadia mine

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Original article by Tess Ingram
The Australian Financial Review – Page: 15 : 9-Oct-17

Soaring power prices have prompted Newcrest Mining to consider installing a solar farm at its Cadia mine in New South Wales. CEO Sandeep Biswas says it has been to both California and Israel to see what technology is available at the moment. He says that given Cadia is expected to be operational for some years, installing a solar farm is a viable option. He notes that there are currently solar farms capable of generating 600 megawatts, whereas Cadia would only require one that produces 150 megawatts.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN

Fifield strikes back at ABC’s Guthrie

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Original article by Dana McCauley
The Australian – Page: 24 : 9-Oct-17

Communications Minister Mitch Fifield has defended the Federal Government’s move to make the ABC disclose the salaries of presenters who are paid more than $A200,000 and to require the public broadcaster to be "fair and balanced". He was responding to a speech by ABC MD Michelle Guthrie, in which she argued that changes to the ABC’s charter were not necessary and were politically motivated. The changes were part of a deal struck with One Nation to secure cross-media ownership reforms in the Senate.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, ONE NATION PARTY, TEN NETWORK HOLDINGS LIMITED – ASX TEN, BRITISH BROADCASTING CORPORATION

Rethink on clean energy target

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 9-Oct-17

There appears to be a growing view within the Federal Government that a clean energy target, as recommended by Chief Scientist Alan Finkel, is no longer required. This is because the cost of renewable energy is falling more quickly than previously forecast, with the cost of battery technology expected to fall by more than 70 per cent in the period to 2030. Energy Minister Josh Frydenberg is expected to express these sentiments concerning the CET when he gives the keynote address at an energy summit.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, AGL ENERGY LIMITED – ASX AGL, ENERGYAUSTRALIA PTY LTD, ORIGIN ENERGY LIMITED – ASX ORG, AUSTRALIAN LABOR PARTY, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Business Confidence down again in September to 113.2

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Oct-17

Business Confidence in Australia fell 1.2pts (-1.0%) to 113.2 in September 2017, according to the Roy Morgan Business Single Source survey, as discussion continued about the mounting cost of energy heading towards the peak Summer season. Some 48.5% of businesses expect to be "better off" financially this time next year, while only 20.1% expect to be "worse off". Meanwhile, 51% of businesses now expect "good times" for the Australian economy over the next year, while 43.2% expect "bad times". The fall in Business Confidence was driven by falls in confidence in several industries, including Transport, postal & warehousing, Information, Media & Telecommunications, Finance & Insurance and Accommodation & Food services.

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

Myer leads David Jones for satisfaction

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Oct-17

A Roy Morgan Single Source survey has found that department store group Myer had a customer satisfaction rating of 88.6% in August 2017, ahead of David Jones on 85.1%. Myer has improved its customer satisfaction rating by 2.4% points over the last year, while David Jones showed a decline of 1.5% points. A year ago, David Jones had a satisfaction rating of 86.6%, marginally ahead of Myer (86.2%). The survey also shows that David Jones has its highest customer satisfaction rating among "Pre-Boomers" (those aged 71+) with 89.7%, compared with 87.6% for Myer. Meanwhile, Myer has its highest satisfaction rating (91.0%) among "Generation X" (aged 42 to 56), compared with 86.5% for David Jones.

CORPORATES
ROY MORGAN RESEARCH LIMITED, MYER HOLDINGS LIMITED – ASX MYR, DAVID JONES LIMITED

‘Belong’ launch set to shake up mobile category

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Oct-17

Telstra subsidiary Belong has launched its new mobile phone service, and the low-cost brand is set to intensify competition in the 20 million-plus Australian mobile phone market. A Roy Morgan Single Source survey shows that an estimated 170,000 Australians aged 14+ already use Belong’s fixed broadband service. These customers are a natural first target for the new mobile phone service – deeper analysis of these customers shows that 33% currently have their mobile phone service with Vodafone. In contrast, Vodafone’s share of the mobile phone market is only 17%. Likewise, only 25% of Belong’s broadband customers have a Telstra mobile phone contract, compared to Telstra’s wider mobile market share of 43%.

CORPORATES
ROY MORGAN RESEARCH LIMITED, BELONG PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE AUSTRALIA LIMITED, SINGTEL OPTUS PTY LTD, AMAYSIM AUSTRALIA LIMITED – ASX AYS

Online advance makes mergers unclear: Sims

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 9-Oct-17

The Federal Government’s cross-media ownership reforms are expected to be endorsed by the lower house in coming weeks, after being passed by the Senate in September. The reforms are tipped to prompt consolidation in the sector, but Australian Competition & Consumer chairman Rod Sims says "closeness of competition" will be a key factor in deciding whether to approve deals. He notes that while media diversity has increased with the growth of online news, there is now more overlap between traditional media such as TV and newspapers, which both have an online presence.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FAIRFAX MEDIA LIMITED – ASX FXJ, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN BROADCASTING CORPORATION, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, OOH!MEDIA LIMITED – ASX OML, APN OUTDOOR GROUP LIMITED – ASX APO, PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, TEN NETWORK HOLDINGS LIMITED – ASX TEN, CBS CORPORATION

Daigou retailer sells well on ASX debut

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Original article by Jessica Sier
The Australian Financial Review – Page: 25 : 6-Oct-17

So-called "daigou" retailer AuMake performed strongly on its sharemarket debut on 5 October. AuMake, which raised $A6 million from the issue of shares at $A0.08 each, traded as high as $A0.235. Founders Joshua Zhou and Lynn Zheng own 17 per cent of AuMake, while CVC is its biggest institutional investor. AuMake currently has six stores in Sydney and generates over $A13 million a year in revenue.

CORPORATES
AUMAKE INTERNATIONAL LIMITED – ASX AU8, CVC LIMITED – ASX CVC, ITM CORPORATION LIMITED, AUGEND LIMITED, TITAN ENERGY SERVICES, WECHAT, BELLAMY’S AUSTRALIA LIMITED – ASX BAL, THE A2 MILK COMPANY LIMITED – ASX A2M