Author: roymorgansocial
Tinkler says family to quit $40m coal stake
Original article by Paul Garvey
The Australian – Page: 6 : 18-Nov-16
Nathan Tinkler and members of his family paid about $A6.6m for a 37 per cent stake in Australian Pacific Coal in 2015. Tinkler has advised that his family intends to divest its entire holding, which is now worth some $A40m, due to APC’s long delay in finalising a deal to acquire the Dartbrook coal project in the Hunter Valley. Tinkler has also rejected speculation that APC could be a potential buyer of Anglo American’s Drayton South project if it gains environmental approval.
CORPORATES
AUSTRALIAN PACIFIC COAL LIMITED – ASX AQC, ANGLO AMERICAN PLC, BENTLEY RESOURCES PTE LTD, TREPANG SERVICES, NEW SOUTH WALES. PLANNING ASSESSMENT COMMISSION
ABCC could lead to rise in wages
Original article by David Marin-Guzman
The Australian Financial Review – Page: 10 : 18-Nov-16
Alice DeBoos, a partner at law firm K&L Gates, warns that wages in the construction sector could increase due to the Federal Government’s proposed building code. She says enterprise bargaining agreements that have been made since April 2014 will need to be renegotiated in order to comply with the code, and unions will seek a trade-off in return for scrapping non-compliant clauses. Senator Nick Xenophon and the Australian Industry Group have also expressed concern about the retrospective nature of the code.
CORPORATES
K&L GATES LLP, NICK XENOPHON TEAM, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF EMPLOYMENT, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA
Seven boss wants independent audits on Facebook numbers
Original article by David Swan
The Australian – Page: 21 : 18-Nov-16
Seven West Media CEO Tim Worner has told the Screen Forever conference that social media sites’ advertising viewership figures should be subject to a similar independent measurement system as TV networks. His comments have coincided with Facebook’s revelation of further flaws in its metrics which resulted in more of its audience data being incorrectly reported. Meanwhile, Think TV CEO Kim Portrate has stressed that Australian TV audience metrics have been independently audited for 16 years.
CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, FACEBOOK INCORPORATED, THINK TV
Good news for Rupert Murdoch’s empire
Original article by John Kehoe
The Australian Financial Review – Page: 17 : 18-Nov-16
Rupert Murdoch’s News Corporation and 21st Century Fox will benefit from plans by president-elect Donald Trump to reduce the US corporate tax rate from 35 per cent to 15 per cent. Trump’s vow to block the proposed merger of telco AT&T and media giant Time Warner will also be welcomed by Murdoch, who made an aborted takeover bid for the latter in 2014. Likewise, Trump’s election win has ensured that he will not establish a TV network that would target a similar audience to Murdoch’s Fox News.
CORPORATES
NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED, AT&T CORPORATION, TIME WARNER INCORPORATED, FOX NEWS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES)
More than a million workers want to work longer hours
Original article by Josh Gordon
The Age – Page: 7 : 18-Nov-16
Figures from the Australian Bureau of Statistics show a high level of underemployment. Among those with a job, 8.7 per cent of employees would like to work longer hours. Sue Richardson, from the National Institute of Labor Studies at Flinders University, says underemployment usually affects those with low levels of education because of the gradual disappearance of jobs in manufacturing.
CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, FLINDERS UNIVERSITY, JP MORGAN AUSTRALIA LIMITED
Satisfaction with risk and life insurance declines
Original article by Roy Morgan Research
Market Research Update – Page: Online : 18-Nov-16
A Roy Morgan Single Source survey has found that satisfaction among Australians aged 14+ with risk and life insurance policies was 67.5 per cent in the year to October 2016, compared with 69.3 per cent during the year to October 2015. The survey also shows that 96.8 per cent of policy holders would be at least "fairly likely" to renew their insurance with their existing company, but only 35.3 per cent would be "extremely likely" to do so. Asteron Life has the highest level of customer satisfaction among the 13 largest risk and life insurers, at 78.1 per cent, ahead of Insuranceline (73.8 per cent) and Allianz (73.2 per cent).
CORPORATES
ROY MORGAN RESEARCH LIMITED, ASTERON LIFE LIMITED, INSURANCELINE HOLDINGS PTY LTD, ALLIANZ AUSTRALIA LIMITED, AMP LIFE LIMITED, AIA AUSTRALIA LIMITED, ONEPATH AUSTRALIA LIMITED, SUNCORP INSURANCE AND FINANCE, COMMINSURE, MLC LIMITED, ZURICH AUSTRALIA LIFE INSURANCE LIMITED, REAL INSURANCE
Zooming in on mobile phone switching: Broadie vs Byron
Original article by Roy Morgan Research
Market Research Update – Page: Online : 18-Nov-16
A Roy Morgan Single Source survey has found that 15 per cent of Australians aged 14+ who own a mobile phone are likely to switch their Mobile Service Provider in the next 12 months. Analysis shows that there are 59 suburbs and towns across Australia where residents are at least 50 per cent more likely than average to switch mobile provider in the next year. The Melbourne suburb of Broadmeadows has the highest level of mobile owners who are likely to switch providers, at 30 per cent. At the other end of the spectrum, only seven per cent of residents of Byron Bay in New South Wales plan to switch mobile providers.
CORPORATES
ROY MORGAN RESEARCH LIMITED
BHP upbeat on China iron, coal demand
Original article by Matt Chambers
The Australian – Page: 19 & 20 : 18-Nov-16
Malcolm Broomhead, Carolyn Hewson and Lindsay Maxsted are said to be the leading internal contenders to succeed BHP Billiton chairman Jac Nasser, who intends to step down by mid-2017. Meanwhile, CEO Andrew Mackenzie says demand for Australian iron ore and coal has been boosted by the Chinese Government’s efforts to make its steel mills and coal mines more efficient. However, he adds that BHP is taking the view that a likely increase in global supply means the current price of iron ore will not be sustained. In contrast, Deutsche Bank has lifted its forecast for the iron ore price by 21 per cent in 2017, to $US55 per tonne.
CORPORATES
BHP BILLITON LIMITED – ASX BHP, DEUTSCHE BANK AG, AUSTRALIAN LABOR PARTY
Sacked Rio exec set for legal stoush
Original article by Peter Ker
The Australian Financial Review – Page: 1 & 12 : 18-Nov-16
Bold Baatar will succeed Alan Davies as CEO of Rio Tinto’s energy and minerals division, after the latter was dismissed following an internal investigation into a scandal regarding the Simandou iron ore project in Guinea. Davies has criticised Rio’s handling of the investigation, and he intends to take legal action over his dismissal. Rio has also sacked its head of legal affairs, Debra Valentine. The $US10.5m payment to a consultant in Guinea has been referred to regulatory authorities in Australia, the US and the UK.
CORPORATES
RIO TINTO LIMITED – ASX RIO, THE MELBOURNE MINING CLUB, AUSTRALIAN FEDERAL POLICE
