Author: roymorgansocial

Day departs the house as home-building dreams turn to nightmare

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Original article by Ben Butler, Samantha Hutchins, Rick Wallace
The Australian – Page: 1 & 5 : 18-Oct-16

Family First senator Bob Day has resigned from Parliament after his residential development company, Home Australia, was placed in the hands of liquidators from McGrathNicol. The collapse has affected 207 unfinished homes in five states, and the liquidators will seek to have other builders complete these homes. Day has apologised to affected customers and conceded that he will lose his own home, as he had provided a personal guarantee for Home Australia’s debts. He has committed to repaying all of the company’s debts.

CORPORATES
FAMILY FIRST PARTY AUSTRALIA LIMITED, HOME AUSTRALIA PTY LTD, McGRATH NICOL AND PARTNERS SERVICES PTY LTD, GOSHEN CAPITAL RESOURCES, HSBC HOLDINGS PLC, QBE INSURANCE GROUP LIMITED – ASX QBE

Nationals at war over mining tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 14-Oct-16

National Party of Australia leader Barnaby Joyce has weighed into the debate on the proposed increase in Western Australia’s iron levy. Joyce says he supports policies aimed at promoting the growth of regional areas but stresses that the tax hike proposed by WA Nationals leader Brendon Grylls is not the answer. Grylls has responded by criticising Joyce for not supporting WA. Grylls wants to increase the iron ore levy from $A0.25 per tonne to $A5, in order to offset WA’s loss of GST revenue.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, MINERALS COUNCIL OF AUSTRALIA, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

Seven West to offload its stake in Sky News

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Original article by Jake Mitchell
The Australian – Page: 19 & 31 : 14-Oct-16

News Corporation is expected to finalise the acquisition of Sky News Australia owner Australian News Channel in coming days. ACN is owned by Seven West Media, Nine Entertainment Company and UK-based Sky. News Corp initially launched a $A25m bid for ACN in February 2015, although Seven rejected the offer and favoured operating Sky News as a joint venture with News Corp. Seven has now agreed to accept the takeover offer for ACN, whose 2015-16 profit fell by 19 per cent to $A6.9m.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SKY NEWS, AUSTRALIAN NEWS CHANNEL PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SKY PLC, FOX SPORTS AUSTRALIA PTY LTD, NATIONAL RUGBY LEAGUE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Trade surge could cut $23b from deficit

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Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 14-Oct-16

Australia’s 2016-17 Budget deficit is forecast to be $A63.2bn, but analysis shows that a sustained rise in commodity prices could slash the deficit by around $A23bn. The prices of coking coal, thermal coal and iron ore have risen sharply since August 2016, and Commonwealth Bank economist Kristina Clifton says the nation’s terms of trade would improve if prices remain at around current levels for the next six months. She adds that this would also have a flow-on effect on household incomes.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. DEPT OF THE TREASURY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Australians with industry superannuation funds are more satisfied than those with retail funds

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

A Roy Morgan Single Source survey has found that 59.7 per cent of Australians aged 14+ with an industry superannuation fund were satisfied with the financial performance of their fund in the six months to August 2016. This compares with 57 per cent of people with retail super funds. Members of industry funds have had a higher level of satisfaction than retail funds every month since 2007. The survey also shows that among people with a super balance of more than $A700,000, industry funds lead with 83.3 per cent satisfaction, compared with 80.5 per cent for retail funds. However, for those holding less than $A5,000 in superannuation, retail funds have marginally higher satisfaction than industry funds (48.0 per cent compared with 47.5 per cent).

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ROY MORGAN RESEARCH LIMITED

Strike a pose: Yoga is the fastest growing fitness activity

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

A Roy Morgan Single Source survey has found that 10 per cent of Australians aged 14+ did yoga in the 12 months to June 2016, compared with five per cent in 2008. The proportion of women doing yoga has risen from 8.0 per cent to 15 per cent over the last eight years, with the 35-49 and 50+ age groups recording the fastest growth in participation. However, just five per cent of Australian men participate in yoga, although men aged 25 to 34 have recorded the biggest growth in participation across any age and gender segment.

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ROY MORGAN RESEARCH LIMITED

Roy Morgan leads the way in digital measurement with ground-breaking new metrics

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

Roy Morgan has announced the launch of a suite of new features for its digital audience measurement platform, Roy Morgan Audiences: Unique Audience by each type of device; Total Unique Audience (de-duplicated) across devices; Unique Audience by postcode and thousands of new audience segments from Roy Morgan Single Source. Roy Morgan Research already enables publishers, advertisers and media agencies to understand and measure online behaviour for both digital campaigns and websites. The Roy Morgan Audiences platform delivers a one-stop solution to long-standing industry needs for privacy compliance, compatibility across all operating systems, daily results, and now – perhaps most importantly in today’s increasingly connected landscape – the unique reach of websites, apps and digital campaigns across multiple devices.

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ROY MORGAN RESEARCH LIMITED

Fair Work member brands Coles penalty rates ruling ‘illogical’

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 14-Oct-16

The decision of the Fair Work Commission’s full bench to uphold the challenge to a Coles workplace agreement by a part-time worker has wider consequences. The Coles decision prompted Woolworths, Bunnings, Target, Domino’s Pizza and other companies to suspend enterprise bargaining talks for fear of their agreements being also challenged. FWC deputy president Peter Sams criticised some aspects of the Coles decision.

CORPORATES
SUPERMARKET AND FOOD STORE SALES, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, WOOLWORTHS LIMITED – ASX WOW, AUSTRALIA. FAIR WORK COMMISSION, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, BUNNINGS GROUP LIMITED, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, CORRS CHAMBERS WESTGARTH, TARGET AUSTRALIA PTY LTD

BHP and Rio’s stellar run may be done

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 19 & 25 : 14-Oct-16

Citigroup’s Clarke Wilkins forecasts that the share prices of BHP Billiton and Rio Tinto will fall in coming months. He says a reduction in China’s stimulus program will in turn reduce demand for commodities. George Boubouras of Contango Asset Management adds that there is limited scope for further gains in the price of iron ore and coking coal, which will dampen earnings growth for BHP, Rio Tinto and Fortescue Metals Group. However, Peter O’Connor of Shaw & Partners remains upbeat about the outlook for the resources sector, particularly large-cap mining stocks.

CORPORATES
CITIGROUP PTY LTD, CONTANGO ASSET MANAGEMENT LIMITED – ASX CGA, SHAW AND PARTNERS LIMITED, BHOJA AIRLINES, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, OZ MINERALS LIMITED – ASX OZL, ALUMINA LIMITED – ASX AWC, ILUKA RESOURCES LIMITED – ASX ILU, STANDARD AND POOR’S ASX 200 INDEX, UBS HOLDINGS PTY LTD, SOUTH32 LIMITED – ASX S32, WHITEHAVEN COAL LIMITED – ASX WHC, OIL SEARCH LIMITED – ASX OSH, AWE LIMITED – ASX AWE, TRIBECA INVESTMENT PARTNERS PTY LTD, NEWCREST MINING LIMITED – ASX NCM, UNITED STATES. FEDERAL RESERVE BOARD

ABS threat to axe IR dispute data

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Original article by David Uren
The Australian – Page: 3 : 14-Oct-16

The Australian Bureau of Statistics (ABS) may be unable to collect information on industrial disputes because of budget constraints. Chief statistician David Kalisch said other services that are vulnerable to cuts include retail trade, housing and lending finance reports. Their monthly frequency is under threat. The ABS could also reduce the number of reports on Australia’s global trade.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, HSBC AUSTRALIA HOLDINGS PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET