Author: roymorgansocial

Diversity laws ‘outdated’

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 26-Sep-16

Communications Minister Mitch Fifield argues that existing cross-media ownership laws are outdated as they were introduced before the development of the internet. He adds that the internet has made the issue of media diversity less important, and the continued viability of media companies is the greatest threat to diversity. The Senate committee that is reviewing the Federal Government’s media reform bill accepted submissions until 23 September 2016.

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIAN LABOR PARTY, NICK XENOPHON TEAM, ONE NATION PARTY

Obama optimistic about TPP but signs not good

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 23-Sep-16

US President Barack Obama is confident that Congress will ratify the Trans-Pacific Partnership (TPP) trade agreement later in 2016, but his optimism is not warranted. He spoke about the TPP with Prime Minister Malcolm Turnbull on 22 September 2016. Turnbull believes that the TPP will stimulate economic growth and ensure political stability in the region.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES)

Australia’s rich and powerful need to back universities

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Original article by Harold Mitchell
The Age – Page: Online : 23-Sep-16

Harvard University has an impressive track record in terms of producing Nobel Laureates, Pulitzer Prize winners and heads of state. The Harvard Endowment Fund, which now boasts more than $36bn, has been a major contributor to the venerable institution’s success. While Australian universities continue to attract endowments from private individuals, they must be more active in this area of fund-raising, while the government also has a role to play.

CORPORATES
HARVARD UNIVERSITY

US investors take a shine to Aussie gold

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Original article by Tess Ingram
The Australian Financial Review – Page: 19 : 23-Sep-16

Newcrest Mining, Evolution Mining and Saracen Mineral Holdings are among the Australian-listed gold producers to have reported a sharp rise in US-based shareholders over the last 12 months. Resolute Mining MD John Welborn says US investors have shown more interest in Australian gold stocks than usual at the 2016 Denver Gold Forum. Metals X CEO Peter Cook warns that Australian gold producers’ shares are likely to be heavily sold down when offshore investors eventually rebalance their portfolios.

CORPORATES
NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR, RESOLUTE MINING LIMITED – ASX RSG, METALS X LIMITED – ASX MLX, DORAY MINERALS LIMITED – ASX DRM, GLOBAL MINING RESEARCH PTY LTD, VANECK VECTORS GOLD MINERS ETF – ASX GDX, NORTHERN STAR RESOURCES LIMITED – ASX NST, ST BARBARA LIMITED – ASX SBM

Lowe: RBA can only do so much

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 8 : 23-Sep-16

Reserve Bank of Australia governor Philip Lowe sees the role of the central bank as primarily dealing with inflation. He told members of the House of Representatives economics committee in Sydney on 22 September 2016 that interest rate cuts can only have a limited impact on the property market. Lowe said house prices are high because of inadequate supply and easy access to credit.

CORPORATES
RESERVE BANK OF AUSTRALIA

Scentre plans $1bn splurge

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Original article by Ben Wilmot
The Australian – Page: 26 : 23-Sep-16

Australian-listed shopping centre landlord Scentre Group will ramp up its development program in 2017. It has announced more than $A1bn of new projects, including a $A600m expansion of the Westfield Newmarket shopping centre in Auckland and the development of a 54,000sq m shopping centre at Coomera in Queensland. Scentre has also been actively divesting non-core assets.

CORPORATES
SCENTRE GROUP – ASX SCG, WESTFIELD CORPORATION – ASX WFD, CBUS PROPERTY PTY LTD, DAVID JONES LIMITED, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, EVENT CINEMAS (AUSTRALIA) PTY LTD, GPT GROUP – ASX GPT

Investors warned not to expect smooth ride

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 31 : 23-Sep-16

Australian equity strategists are cautious about the near-term outlook for the domestic bourse, with most still expecting the S&P/ASX 200 to be trading at around the 5,500-point level at the end of 2016. Meanwhile, Tony Brennan of Citigroup forecasts that the benchmark index will top 5,750 points by mid-2017. With the US Federal Reserve opting to leave interest rates on hold in September, David Cassidy of UBS says the presidential election could influence the timing of the next interest rate move.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, BANK OF JAPAN

BHP’s Henry slams Grylls over mining tax plan

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Original article by Julie-anne Sprague
The Australian Financial Review – Page: 12 : 23-Sep-16

It is estimated that the iron ore levy proposed by Western Australian National Party leader Brendon Grylls would raise about $A1.5bn each year. Grylls wants to increase the state levy from $A0.25 per tonne to $A5. BHP Billiton executive Mike Henry argues that the resources giant already pays a levy of about $A5 per tonne, adding that it paid total taxes of around $A17.50 for each tonne of iron ore it produced in 2015. Henry warns that capital investment and dividends would be affected by Grylls’ proposal.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, NATIONAL PARTY OF AUSTRALIA, LIBERAL PARTY OF WESTERN AUSTRALIA, REACHTEL PTY LTD, AUSTRALIAN TAXATION OFFICE

GWS Giants crying out for a new AFL car sponsor

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Sep-16

A Roy Morgan Single Source survey has found that 13 per cent of all Australian Football League fans intend to buy a new car in the next four years. The survey, which was carried out in the year to June 2016, also shows that 17 per cent of Carlton and St Kilda supporters intend to buy a new car in the next four years. Meanwhile, 16 per cent of Greater Western Sydney Giants fans intend to buy a new car over this period, compared with about one in 10 in 2015. However, just eight per cent of Western Bulldogs fans intend to buy a new car in the next four years. The Giants and the Bulldogs are among just four AFL teams that currently do not have an automotive sponsor. Overall, around 2.3 million Australians aged 14+ are looking to buy a new car before 2020, and 45 per cent of them support an AFL club.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN FOOTBALL LEAGUE, CARLTON FOOTBALL CLUB, ST KILDA FOOTBALL CLUB, GREATER WESTERN SYDNEY FOOTBALL CLUB, WESTERN BULLDOGS FOOTBALL CLUB, COLLINGWOOD FOOTBALL CLUB, BRISBANE LIONS FOOTBALL CLUB, NORTH MELBOURNE FOOTBALL CLUB LIMITED, ESSENDON FOOTBALL CLUB, WEST COAST EAGLES FOOTBALL CLUB, FREMANTLE FOUNDATION LIMITED, HYUNDAI MOTOR COMPANY AUSTRALIA PTY LTD, MELBOURNE FOOTBALL CLUB, PORT ADELAIDE FOOTBALL CLUB, GM HOLDEN LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, MAZDA AUSTRALIA PTY LTD, AUTOMOTIVE HOLDINGS GROUP LIMITED – ASX AHG, RENAULT HOLDINGS PTY LTD

Gary Morgan for Melbourne Lord Mayor & Team Morgan to launch Melbourne Council Election campaign

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Sep-16

Media and friends are invited to the Team Morgan official launch at 11am next Monday September 26 at 401 Collins St. Lord Mayoral candidate Gary Morgan and his Deputy Michael O’Brien and Team Morgan’s Councillor candidates Dr. Jackie Watts, Michael Kennedy and Farida Fleming will present their range of policies to reinvigorate the City of Melbourne after eight years of incumbent Robert Doyle. Team Morgan’s key policies include retaining the historic Queen Victoria Market, putting a stop to the wasteful Melbourne Council spending including over $100 million mooted for new Council offices and amending the City of Melbourne Code of Conduct to prevent what current Melbourne Lord Mayor Robert Doyle did over the last four years which included spending $28,000+ on his Melbourne Council credit card for his own personal expenses.

CORPORATES
MELBOURNE CITY COUNCIL, CITY OF MELBOURNE, ROY MORGAN RESEARCH LIMITED