Author: roymorgansocial

ASIC questions Korda’s Ten role

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Original article by Ben Butler
The Australian – Page: 19 : 18-Jul-17

The independence of KordaMentha as administrator of the Ten Network has come under scrutiny by the Australian Securities & Investments Commission and the Australian Restructuring Insolvency & Turnaround Association. The issue centres on KordaMentha’s role as an adviser to Ten prior to its collapse. ASIC and KordaMentha have supported a proposal for Peter Gothard of Ferrier Hodgson to undertake an independent investigation into whether the fees received by KordaMentha constituted a preference payment.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, KORDA MENTHA AND COLLEAGUES PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN RESTRUCTURING INSOLVENCY AND TURNAROUND ASSOCIATION, FERRIER HODGSON AND COMPANY, FEDERAL COURT OF AUSTRALIA, GILBERT AND TOBIN LAWYERS, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BIRKETU PTY LTD, ILLYRIA PTY LTD, ATANASKOVIC HARTNELL CORPORATE SERVICES PTY LTD

Migrants a boon for workforce

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Original article by David UrenPaige Taylor
The Australian – Page: 1 & 2 : 17-Jul-17

Demographer Peter McDonald says total employment grew by 730,000 between 2011 and 2016, with migrants accounting for 600,000 of the new jobs. McDonald, from the University of Melbourne, says it is incorrect to state that migrants are stealing jobs from people who were born in Australia, nor are they taking jobs from those who are unemployed. Australia’s annual migrant intake is upwards of 200,000 a year, and former prime minister Tony Abbott believes that immigration levels need to be reduced.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCHCORNELL UNIVERSITY

In July Labour/Greens now just ahead of National but New Zealand First again in the ‘box seat’

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 17-Jul-17

A New Zealand Roy Morgan Poll on voting intention has found that support for the governing National Party has fallen by 3.5% to 43% in July 2017. Support for the Labour Party has risen 5% to 30.5%, while support for a potential Labour/Greens alliance is up 4.5% at 44%. The Roy Morgan Government Confidence Rating has increased 5pts to 139.5pts. Roy Morgan Research executive chairman Gary Morgan says the New Zealand election in September is now too close to call, and New Zealand First with 8% support (down 1%) are once again in the box seat to determine which parties form Government.

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MORGAN POLLROY MORGAN RESEARCH LIMITEDNATIONAL PARTY OF NEW ZEALANDLABOUR PARTY (NEW ZEALAND)GREEN PARTY OF AOTEAROA NEW ZEALANDCONSERVATIVE PARTY OF NEW ZEALANDTHE MAORI PARTYUNITED FUTURE PARTY (NEW ZEALAND)NEW ZEALAND FIRST PARTYACT NEW ZEALANDINTERNET PARTYMANA PARTY

Sponsors pledge to stand by embattled AFL

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Original article by Darren Davidson
The Australian – Page: 24 : 17-Jul-17

Major sponsors of the Australian Football League such as Toyota and Carlton & United Breweries have indicated that their deals will not be affected by a sex scandal involving two AFL executives. Toyota pays $A15m a year to be the AFL’s naming-rights sponsor, and a spokesman says the car-maker has complete faith in the league to deal with the scandal appropriately. Brand expert Adam Ferrier has praised the AFL’s handling of the controversy.

CORPORATES
AUSTRALIAN FOOTBALL LEAGUETOYOTA MOTOR CORPORATION AUSTRALIA LIMITEDCARLTON AND UNITED BREWERIESWOOLWORTHS LIMITED – ASX WOWNATIONAL AUSTRALIA BANK LIMITED – ASX NABGATORADE COMPANY OF AUSTRALIACOCA-COLA AMATIL LIMITED – ASX CCLTHINKERBELL

Australians view Terrorism & War as the most important problems facing the World after terrorist incidents and rising global tensions

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 17-Jul-17

A special Roy Morgan telephone survey has found that in mid-2017, 31% of Australians regard Terrorism & War as the biggest problems facing the World. This has nearly doubled since March, up by 15%, while also up 8% from a year ago. Although Terrorism & War is the dominant World problem in mid-2017, other major themes to emerge on a global level were Environmental issues led by Climate change and Global warming, which was mentioned by 21% of respondents, and Economic issues (mentioned by 18% of respondents). Analysing the question by Age and Gender shows that Women (33%) are more concerned about Terrorism & War than Men (29%), while older age groups are clearly more concerned about these issues than younger Australians. Australians aged 65+ are the most concerned about Terrorism & War – over 48% mentioned the issues as the biggest problem facing the World, far higher than any other age group.

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ROY MORGAN RESEARCH LIMITED

Our people are worth the penalty rates: JB Hi-Fi

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Original article by Damon KitneyEli Greenblat
The Australian – Page: 2 : 17-Jul-17

JB Hi-Fi is the latest company to disclose that it has not reduced its Sunday and public holiday penalty rates in line with the Fair Work Commission’s ruling, which took effect on 1 July. CEO Richard Murray says the listed retailer’s staff is one of its most important assets. He stated earlier in 2017 that while JB Hi-Fi has no issue with paying penalty rates, it believes that similar rates should apply on Saturdays and Sundays. Chemist Warehouse, My Chemist, Kikki.k and Lush have also declined to reduce penalty rates for existing employees.

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JB HI-FI LIMITED – ASX JBHAUSTRALIA. FAIR WORK COMMISSIONCHEMIST WAREHOUSEMY CHEMIST PTY LTDKIKKI.K PTY LTDLUSHCITIGROUP PTY LTDMYER HOLDINGS LIMITED – ASX MYRWESFARMERS LIMITED – ASX WES

Bernardi building his power base

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Original article by Greg Sheridan
The Australian – Page: 1 & 4 : 17-Jul-17

Cory Bernardi says his recently formed Australian Conservatives party now has close to 13,000 members across the country, including around 2,500 in Victoria. It will become formally registered as a political party in Victoria on 17 July, having already been registered federally and in Bernardi’s home state of South Australia. The party is targeting voters on the centre-right side of the political spectrum who are not happy with the Liberal Party, but would be reluctant to vote for One Nation’s Pauline Hanson.

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AUSTRALIAN CONSERVATIVESLIBERAL PARTY OF AUSTRALIAFAMILY FIRST PARTY AUSTRALIA LIMITEDDEMOCRATIC LABOR PARTYELECTORAL COMMISSION OF VICTORIANATIONAL PARTY OF AUSTRALIAAUSTRALIAN GREENSONE NATION PARTY

BHP investors back Elliott on shale, listings

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Original article by Peter KerJames Thomson
The Australian Financial Review – Page: 13 & 18 : 17-Jul-17

Representatives of Elliott Management have met with BHP Billiton’s institutional shareholders in Australia, as the activist US hedge fund continues to push for a restructuring of the resources group. Australian Foundation Investment Company MD Ross Barker notes that Elliott has drawn attention to BHP’s long-term underperformance, while Matthew Haupt of Wilson Asset Management has welcomed the "constructive debate" on the best use of BHP’s funds. Barker adds that AFIC supports abolishing BHP’s dual-listing structure and the sale of the group’s US shale assets.

CORPORATES
BHP BILLITON LIMITED – ASX BHPELLIOTT MANAGEMENT CORPORATIONAUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFIWILSON ASSET MANAGEMENTWAM LEADERS LIMITED – ASX WLEABERDEEN ASSET MANAGEMENT LIMITEDARGO INVESTMENTS LIMITED – ASX ARGBT INVESTMENT MANAGEMENT LIMITED – ASX BTTTRIBECA INVESTMENT PARTNERS PTY LTDRIO TINTO LIMITED – ASX RIO

We’re the ratings big shot, Seven reminds doubters

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Original article by Darren Davidson
The Australian – Page: 24 : 17-Jul-17

Data from OzTAM shows that the Seven Network has won 25 of the 28 weeks so far in the 2017 TV ratings season. Seven’s director of programming Angus Ross is not unduly concerned about the ratings success of the Nine Network’s "Australian Ninja Warrior", noting that Seven is leading in all of the core age demographics. He is also upbeat about Seven’s program line-up for the second half of the year.

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SEVEN NETWORK LIMITEDSEVEN (WAN) PTY LTDNINE NETWORK AUSTRALIA LIMITEDNINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NECOZTAM PTY LTDNETFLIX INCORPORATEDSTAN ENTERTAINMENT PTY LTDAMAZON PRIME VIDEOWALT DISNEY COMPANYFACEBOOK INCORPORATEDGOOGLE INCORPORATEDYOUTUBE INCORPORATED

‘End civil war or Libs will lose’

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Original article by Rosie LewisSarah Elks
The Australian – Page: 1 & 4 : 17-Jul-17

Liberal Party of Australia president Nick Greiner has warned that the Coalition will lose the next federal election if the current disunity continues. He has urged Prime Minister Malcolm Turnbull and predecessor Tony Abbott to resolve their differences, but stresses that it is up to them to take the initiative rather than wait for a third party to intervene. Greiner notes that the Government’s achievements are being undermined by the infighting, which is providing a distraction for voters.

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LIBERAL PARTY OF AUSTRALIAAUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINETAUSTRALIAN LABOR PARTYLIBERAL-NATIONAL PARTY OF QUEENSLAND