Author: roymorgansocial

ANZ-Roy Morgan Consumer Confidence plunges to 113.4 (down 5.2pts) after shockingly weak GDP data

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 14-Dec-16

ANZ-Roy Morgan Australian Consumer Confidence fell a sharp 4.4% to 113.4 in the week ended 11 December 2016. The headline index is now at its lowest level since May. The details were negative with views on "economic conditions over the next 12 months" and "now is a good time to buy a household item" showing the sharpest declines. Households’ views towards their finances compared to a year ago edged down 0.7%, while households’ views towards their future finances slipped 2.1%. Both sub-indices remain well above their long run averages. Households’ views of economic conditions over the next 12 months plummeted 11.7%, bringing the index to its lowest level since February. Households’ views of the economic outlook in the next five years fell a more modest 1.7%.

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

Repeal 18C or say farewell to free speech: think tank

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Original article by Dennis Shanahan
The Australian – Page: 2 : 13-Dec-16

The Institute of Public Affairs believes that freedom of speech is potentially threatened by section 18C of the Racial Discrimination Act. The institute argues in a submission to the legal and constitutional parliamentary committee that section 18C should be removed in its entirety. The institute objected to the Human Rights Commission’s apparently excessive use of section 18C.

CORPORATES
INSTITUTE OF PUBLIC AFFAIRS LIMITED, AUSTRALIAN HUMAN RIGHTS COMMISSION, QUEENSLAND UNIVERSITY OF TECHNOLOGY

We’re about to rock

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Original article by John Masanauskas
Herald Sun – Page: 3 : 13-Dec-16

The Victorian Government will contribute $A10m in funding for the Australian Music Vault. The exhibition and education facility will include an Australian Music Hall of Fame, and it will be based at the Victorian Arts Centre. Music industry veteran Michael Gudinski has welcomed the announcement of the Hall of Fame and the fact that it will be located in Melbourne.

CORPORATES
VICTORIAN ARTS CENTRE, MUSHROOM RECORDS PTY LTD, THE FRONTIER TOURING COMPANY PTY LTD

Australian Community Newspaper Readership results

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Dec-16

The latest Roy Morgan Community Newspaper Readership results, for the 24 months to September 2016, show that readership of community newspapers in all mainland capital cities has declined, but many titles are bucking the trend and finding new local readers. The "St George & Sutherland Shire Leader" extended its lead as the most-read community paper in Sydney, with 220,000 readers per average issue (up 15.8 per cent year-on-year in the 12 months to September 2016. The "Melton Leader" was Melbourne’s fastest-growing community title (up 47.8 per cent to 34,000) prior to its closure in June, while readership of Brisbane’s "South-West News", including its specially-badged "Springfield News" edition, grew 12.5 per cent to 54,000 readers per average weekly issue.

CORPORATES
ROY MORGAN RESEARCH LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, METRO MEDIA PUBLISHING PTY LTD, STAR NEWS GROUP PTY LTD

What do your cheese choices say about you?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Dec-16

A Roy Morgan Single Source survey has found that 76.3 per cent of Australian grocery buyers aged 14+ purchased at least one kind of cheese in an average four weeks during the year to September 2016. The survey also shows that 55.1 per cent of grocery buyers purchased block cheese in an average month, followed by sliced cheese (35.8 per cent) and grated/shredded cheese (33.1 per cent). Meanwhile, New Zealand- and British-born Australians are both 23 per cent more likely than the population average to buy block cheese in an average four weeks. Block cheese is also the most popular among people in the Roy Morgan Food Segment known as "Trendsetters". On the other hand, sliced cheese is especially popular with "Zappits".

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ROY MORGAN RESEARCH LIMITED

High incomes run up relatively less debt on major cards

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Dec-16

A Roy Morgan Single Source survey has found that Australians aged 18+ who hold major credit cards (Visa, MasterCard and Amex) intended to carry forward to their next statement a combined average monthly debt of $A19bn in the year to October 2016. The survey also shows that people on annual incomes of under $A25,000 carry forward $A1,100 on average (8.9 per cent of their income). For the highest income group of $A250,000+, the average debt was $A2,500, or 0.9 per cent of their average income. The largest cardholder segment, with just over a third of the market (33.7 per cent), is the $A25,000 to $A59,000 group. Their average debt is $A1,400, or about 3.5 per cent of their average income.

CORPORATES
ROY MORGAN RESEARCH LIMITED, VISA INTERNATIONAL, MASTERCARD AUSTRALIA LIMITED, AMERICAN EXPRESS COMPANY

Howcroft tunes in to PwC marketing

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Original article by Jake Mitchell
The Australian – Page: 21 : 13-Dec-16

TV executive and "Gruen" panellist Russel Howcroft will become chief creative officer at PricewaterhouseCoopers in early 2017. Howcroft has been the executive general manager of the Ten Network’s Melbourne operations for four years, while he also chairs the Think TV lobby group. PwC has hired several other former advertising industry executives in recent months.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, THINK TV, OGILVY AUSTRALIA, TBWA, CLEMENGER BBDO (BRISBANE) PTY LTD

Troubled Estia puts Weiss in charge

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Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 23 : 13-Dec-16

Australian-listed Estia Health has advised that Gary Weiss will succeed Pat Grier as chairman of the aged-care group. Weiss became a director of Estia in 2015, following its acquisition of Kennedy Health Care. Estia will undertake a $A136.8m capital raising in order to reduce its debt, with the new shares to be offered at $A2.10 apiece. Estia shares were fetching $A2.68 on 12 December 2016, prior to a trading halt ahead of the capital raising.

CORPORATES
ESTIA HEALTH LIMITED – ASX EHE, KENNEDY HEALTH CARE, JAPARA HEALTHCARE LIMITED – ASX JHC, REGIS HEALTHCARE LIMITED – ASX REG, SUMMERSET GROUP HOLDINGS LIMITED – ASX SNZ

Fault call on Seven charge for tennis

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Original article by Jake Mitchell
The Australian – Page: 21 : 13-Dec-16

Australian Subscription Television & Radio Association CEO Andrew Maiden has expressed concern about Seven West Media’s plan to offer paid access to exclusive online content as part of its coverage of the 2017 Australian Open. Maiden has told Communications Minister Mitch Fifield that Seven’s plans are contrary to the anti-siphoning list for sports broadcasts. A Seven spokesman has stressed that all matches broadcast by the network during the 2016-17 summer can be viewed for free.

CORPORATES
AUSTRALIAN SUBSCRIPTION TELEVISION AND RADIO ASSOCIATION (ASTRA) INCORPORATED, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, DISCOVERY NETWORKS ASIA PACIFIC, BBC WORLDWIDE AUSTRALIA, NETFLIX INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Morrison on notice as debt soars

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Original article by David Uren
The Australian – Page: 1 & 4 : 13-Dec-16

Ratings agency Moody’s has forecast that the combined debt of Australia’s federal and state governments will rise to about $A690bn by mid-2017, compared with $A642bn in June 2016. Treasurer Scott Morrison will release the mid-year economic and fiscal outlook on 19 December, and Marie Diron of Moody’s says the Government is likely to reduce the deficit but at a slower pace than forecast in the May 2016 Budget. Moody’s is not expecting to downgrade Australia’s triple-A credit rating, although rival S&P Global Ratings put it on "negative watch" earlier in 2016.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, MOODY’S INVESTORS SERVICE INCORPORATED, S&P GLOBAL RATINGS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DELOITTE TOUCHE TOHMATSU LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF EDUCATION AND TRAINING