Author: roymorgansocial

Nine kicks a ratings winner with Origin

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Original article by Stephen Brook
The Australian – Page: 3 : 14-Jul-17

Data from OzTAM shows that the Nine Network’s broadcast of the third rugby league State of Origin match boasted an average national audience of 3.66 million people on 12 July. This includes 2.49 million viewers in the five major capital cities and 1.12 million in regional areas. Nine lifted its audience share to 40.5 per cent as a result of the rugby league coverage, while Seven Network had a 10.8 per cent share of viewers.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS)

Millennials ‘happy to pay more’ for super

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Original article by Alice Uribe
The Australian Financial Review – Page: 17 : 13-Jul-17

Association of Superannuation Funds of Australia CEO Martin Fahey says a super fund’s brand seems to be a higher priority for the Millennial generation than the fees they pay. Newer funds such as Spaceship and Grow Super have been popular with younger Australians, despite having fees that are higher than average. Fahey rejects suggestions that younger people are easily taken in by marketing hype, arguing that they are in fact "very sophisticated" consumers.

CORPORATES
THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED, SPACESHIP FINANCIAL SERVICES PTY LTD, GROW SUPER, AUSTRALIAN BUREAU OF STATISTICS, ZUPER, MOBI SUPER, TYRO PAYMENTS, TIDSWELL FINANCIAL SERVICES LIMITED, RICE WARNER ACTUARIES PTY LTD, ATLASSIAN CORPORATION PLC

‘Lift your gas exploration bans’

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Original article by Rosie Lewis
The Australian – Page: 1 & 2 : 13-Jul-17

Federal Energy Minister Josh Frydenberg will use the Council of Australian Governments meeting on 14 July to urge state and territory energy ministers to endorse the recommendations of the Finkel energy review. He will also urge Victoria and the Northern Territory to overturn their moratoriums on onshore gas development. Victorian Energy Minister Lily D’Ambrosio argues that Australia’s current level of gas exports is not sustainable and is resulting in higher prices for domestic users. She favours the introduction of a clean energy target rather than increased gas production in Victoria.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, VICTORIA. DEPT OF ENVIRONMENT, LAND, WATER AND PLANNING, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, TESLA INCORPORATED, NEOEN, AUSTRALIAN ENERGY COUNCIL, ENERGY NETWORKS ASSOCIATION OF AUSTRALIA, AUSTRALIAN ENERGY MARKET COMMISSION, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Militant super union a step closer

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 13-Jul-17

The Construction, Forestry, Mining & Energy Union has submitted a formal application to merge with two smaller unions. It wants the Maritime Union of Australia and the Textile, Clothing & Footwear Union to be exempt from a ballot, given their much smaller membership bases. Meanwhile, the Australian Mines & Metals Association has expressed concern about the potential impact of the proposed mega-union on the supply chain across the resources and energy sector. It will lobby the Federal Government to introduce laws requiring union mergers to satisfy a public interest test.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, MARITIME UNION OF AUSTRALIA, TEXTILE, CLOTHING AND FOOTWEAR UNION OF AUSTRALIA, AUSTRALIAN MINES AND METALS ASSOCIATION (INCORPORATED), AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. FAIR WORK COMMISSION, CHEVRON CORPORATION, GORGON PTY LTD, AUSTRALIAN LABOR PARTY

Overreaction presents chance to buy on dip

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Original article by David Rogers
The Australian – Page: 27 : 13-Jul-17

Australia’s benchmark S&P/ASX 200 Index reached an intra-day low of 5,665.6 points on 12 July 2017, before closing one per cent lower. The domestic bourse has shed 0.8 per cent so far in July, which may be a timely opportunity for investors to buy into the market. Meanwhile, although investors remain concerned about the political risk associated with US President Donald Trump, Citigroup believes that impeachment is unlikely despite the revelations concerning a meeting between Trump’s son and a Russian lawyer.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES)

Miners urge cost assessment in carbon-neutral goal

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Original article by Matt Chambers
The Australian – Page: 20 : 13-Jul-17

Queensland Resources Council CEO Ian Macfarlane has questioned whether a target of 2050 for the state to become carbon neutral is achievable. He says the target is "very ambitious" given that the state boasts high-intensity industries such as LNG and alumina production. He has urged the State Government to take into account the cost of the push for carbon neutrality. Macfarlane and the Australian Petroleum Production & Exploration Association’s Rhys Turner have both called for a national approach to reducing carbon emissions.

CORPORATES
QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED

Competition inquiry looks into access to finance

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Original article by James Eyers
The Australian Financial Review – Page: 17 : 13-Jul-17

A Productivity Commission inquiry into competition in the financial services sector will be wide-ranging but focus on banks. It will examine factors such as the effect of banks’ vertically integrated business models on competition and whether consumers ultimately receive the benefits of innovation in the sector. Submissions to the inquiry must be lodged by 15 September, and the Commission’s final report is slated to be completed by mid-2018.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN BANKERS’ ASSOCIATION, BANK OF QUEENSLAND LIMITED – ASX BOQ, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, SUNCORP GROUP LIMITED – ASX SUN, ME BANK, KING AND WOOD MALLESONS

Bank staff blind eye to terror financing

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Original article by Sam Buckingham-Jones
The Australian – Page: 5 : 13-Jul-17

AUSTRAC has concluded that Australian financial services providers such as banks should be doing more to identify and report financial transactions that may involve money laundering or terrorism financing. It contends that front-line staff in particular have a key role in identifying such activity, but they may not be doing so as they have a focus on client retention. AUSTRAC noted that 60 per cent of trading and ­settling organisations failed to report any suspicious activity in the two years to March 2016.

CORPORATES
AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE

New Car Buying Intention softens after setting new records earlier in the year

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Jul-17

A Roy Morgan Single Source survey shows that an estimated 622,000 Australians aged 14+ plan to buy a new car in the next 12 months. Meanwhile, some 2,279,000 Australians intend to buy a new car in the next four years – down from a record of 2,490,000 in February, but almost 15,000 higher than in 2016. Roy Morgan Research’s Automotive Account Manager, Rob Heneghan, says analysis using the Helix Personas segmentation shows that one of the biggest drops in buying intention has been amongst the most affluent groups, Leading Lifestyles, which traditionally makes up the largest portion of new car intenders.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Property price growth set to halve

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Original article by Matthew Cranston, Michael Bleby
The Australian Financial Review – Page: 1 & 30 : 13-Jul-17

A new survey of property industry professionals shows that most expect a slowdown in residential property price growth in the next 12 months. The ANZ/Property Council of Australia index of house price growth expectations has fallen from 20.2 points to 4.3 points. The anticipated slowdown is particularly acute in Sydney, with house price growth expectations falling from 29.6 points to 1.7 points. The survey also shows that property professionals are bearish about the outlook for capital growth in the retail property sector.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PROPERTY COUNCIL OF AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, MOODY’S ANALYTICS AUSTRALIA PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, BIS SHRAPNEL PTY LTD, RAY WHITE GROUP, AVENTUS PROPERTY GROUP PTY LTD, QUINTESSENTIAL EQUITY PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY