Author: roymorgansocial

What’s in store for The Store? Fairfax readers spend big in the $2.6billion online retail clothing market

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 29-Nov-16

As detailed in Roy Morgan’s latest State of the Nation report, Australia’s online shopping market is now worth an estimated $41.3billion per year. In the 12 months to September 2016, the Cross-Platform Audiences for Fairfax’s three leading mastheads were all more likely than average to shop online – and spent more when they did. The result is that Fairfax readers contribute far more than their fair share to the online shopping market. Some 21% of Australians (aged 14+) read the "Sydney Morning Herald" in print and digital, but this audience contributes 33% of all money spent online. Likewise, 15% read "The Age", but 20% of online shopping dollars come from them. Meanwhile, 7% read the "Australian Financial Review", but their value to the online shopping market is almost double, at 13%.

CORPORATES
ROY MORGAN RESEARCH LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, THE STORE

Goldman upbeat on local M&A activity

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Original article by Carrie LaFrenz
The Australian Financial Review – Page: 16 : 28-Nov-16

Data from Dealogic shows that $US98.54bn ($A132.44bn) worth of mergers and acquisitions have been announced in Australia so far in 2016. Olivia Brown and Marissa Freund of Goldman Sachs are bullish about the outlook for M&A deals, and forecast strong activity in sectors such as healthcare, technology and retail. Freund expects strong interest in local companies from suitors in Asia, North America and Europe. Brown anticipates that Chinese companies will continue to be attracted to sectors that have export potential, such as consumer products and healthcare.

CORPORATES
DEALOGIC (AUSTRALIA) PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, AUSGRID PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, BORAL LIMITED – ASX BLD, HEADWATERS INCORPORATED, OIL SEARCH LIMITED – ASX OSH, INTEROIL CORPORATION, PACIFIC BRANDS LIMITED, HANESBRANDS, UGL LIMITED – ASX UGL, CIMIC GROUP LIMITED – ASX CIM, KATHMANDU HOLDINGS LIMITED – ASX KMD, BRISCOE GROUP LIMITED, LAZARD ASSET MANAGEMENT LIMITED

BHP and Rio shareholders focus on debt

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Original article by Peter Ker
The Australian Financial Review – Page: 13 & 18 : 28-Nov-16

The rally in the price of iron ore and coal during 2016 has boosted the earnings of BHP Billiton and Rio Tinto, prompting speculation of capital management initiatives. However, Jason Kururangi of Aberdeen Asset Management argues that BHP should prioritise debt reduction and investment in new projects rather than returns to shareholders. Meanwhile, Jason Beddow of Argo Investments suggests that BHP and Rio should consider increasing returns to shareholders if commodity prices remain at a similar level in 12 months’ time.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, ABERDEEN ASSET MANAGEMENT LIMITED, ARGO INVESTMENTS LIMITED – ASX ARG, DEUTSCHE BANK AG, SOCIETE GENERALE AUSTRALIA LIMITED, CREDIT SUISSE (AUSTRALIA) LIMITED, MOODY’S INVESTORS SERVICE INCORPORATED

TV delivering for grocer goods: Ebiquity study

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 28-Nov-16

Research undertaken by Ebiquity on behalf of Think TV has found that fast-moving consumer goods companies receive a return of $A1.74 for each dollar they spend on TV advertising. In contrast, other forms of advertising have a negative return on investment for each dollar spent. The research, which is based on three years’ worth of advertising sales data for nine companies, also shows that 73 per cent of FMCG sales are base sales, while advertising accounts for just three per cent of sales.

CORPORATES
THINK TV, EBIQUITY, UNILEVER AUSTRALIA LIMITED, KIMBERLY-CLARK AUSTRALIA PTY LTD, GOODMAN FIELDER LIMITED, SANITARIUM HEALTH FOOD COMPANY, LINDT AND SPRUNGLI (AUSTRALIA) PTY LTD, LINDT AND SPRUNGLI (AUSTRALIA) PTY LTD, McCAIN FOODS (AUST) PTY LTD, FOXTEL MANAGEMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, THINKBOX

Bauer taps Seven over Pac Mags

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Original article by Jake Mitchell
The Australian – Page: 23 : 28-Nov-16

Bauer Media Australia is said to have made an unsolicited offer earlier in 2016 to acquire the Pacific Magazines division of Seven West Media. However, the two groups are not believed to be discussing a potential deal at present. Pacific Magazines has discontinued or sold several magazine titles in 2016, while Bauer has discontinued a number of titles since it acquired ACP Magazines in 2013. Bauer Media CEO Nick Chan has previously been CEO of Pacific Magazines.

CORPORATES
BAUER MEDIA AUSTRALIA PTY LTD, BAUER MEDIA KG, PACIFIC MAGAZINES PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, WEST AUSTRALIAN NEWSPAPERS HOLDINGS LIMITED, YAHOO! INCORPORATED, SMI MEDIA INCORPORATED, NEXTMEDIA PTY LTD, NOVA ENTERTAINMENT PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Hold the remote: ratings show box has plenty of life left in it

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Original article by Darren Davidson
The Australian – Page: 26 : 28-Nov-16

The Seven Network has increased its total audience share by 0.9 per cent in 2016, winning the free-to-air TV ratings for a 10th consecutive year. Seven was the highest-rating network among the 16-39, 18-49 and 25-54 age demographics. OzTAM data also shows that the audience share of the Nine Network and Ten Network fell by 1.4 per cent and 0.1 respectively. The ABC’s audience share was steady, while SBS increased its audience share by 0.6 per cent.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS), OZTAM PTY LTD, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, FACEBOOK INCORPORATED, GOOGLE INCORPORATED

Airbnb popularity with landlords puts squeeze on rental market

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Original article by Misa Han
The Australian Financial Review – Page: 3 : 28-Nov-16

The number of homes in Sydney’s central and eastern suburbs that are listed as short-stay accommodation on Airbnb now significantly exceeds the number of residential properties that are available to rent. Data from the University of Sydney’s Urban Housing Lab also shows that property owners can earn significantly more each month by letting their homes via Airbnb rather than seeking longer-term rental tenants.

CORPORATES
AIRBNB AUSTRALIA PTY LTD, UNIVERSITY OF SYDNEY, HEYTOM

Anti-siphoning list: rethink on the table

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Original article by Jake Mitchell
The Australian – Page: 23 : 28-Nov-16

The Australian Government may consider changes to the anti-siphoning list for sports broadcasts as part of its broader cross-media ownership reforms. Cricket Australia wants some one-day international matches to be removed from the anti-siphoning list, while Foxtel also advocates reform. Meanwhile, a further reduction in TV broadcasting licence fees is now more likely to be made in 2017. There had been speculation that the cuts may have been included in the mid-year budget update.

CORPORATES
CRICKET AUSTRALIA, FOXTEL MANAGEMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FACEBOOK INCORPORATED, GOOGLE INCORPORATED

Morrison says no to Greens death tax proposal

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Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 28-Nov-16

Australian Greens leader Richard Di Natale has proposed the introduction of an inheritance tax on residential properties, arguing that it would help to combat housing inequality. However, Treasurer Scott Morrison says the Opposition and the Greens should cease advocating higher taxes and support the Federal Government’s Budget repair measures.

CORPORATES
AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE

Turnbull in race to save IR agenda

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Original article by David Crowe
The Australian – Page: 1 & 4 : 28-Nov-16

The Australian Government has agreed to introduce a proposed "security of payments" regime for subcontractors in order to gain Senate crossbenchers’ support for a bill to reinstate the Australian Building & Construction Commission. However, the increased protection for subcontractors will be conditional on the passage of the ABCC bill through the upper house. Meanwhile, Senator Nick Xenophon will continue to push for increased water flows in the Murray-Darling river system.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NICK XENOPHON TEAM, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, AUSTRALIA. DEPT OF AGRICULTURE AND WATER RESOURCES, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, SOUTH AUSTRALIA. DEPT OF ENVIRONMENT, WATER AND NATURAL RESOURCES, LIBERAL DEMOCRATIC PARTY, NEW SOUTH WALES. DEPT OF NATURAL RESOURCES, QUEENSLAND. DEPT OF NATURAL RESOURCES AND MINES, AUSTRALIAN LABOR PARTY