Author: roymorgansocial

IT system fault floors ASX

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Original article by Jessica Sier
The Australian Financial Review – Page: 1 & 2 : 20-Sep-16

Stock exchange operator ASX Limited has indicated that an "internal hardware failure" rather than a cyber attack was responsible for technical problems that curtailed sharemarket trading on 19 September 2016. The market opened later than usual and closed early, with just $A169m worth of shares in the top 200 stocks changing hands. The ASX has stressed that the problems were not related to the issues that disrupted trading for four hours in 2011.

CORPORATES
ASX LIMITED – ASX ASX, CADENCE CAPITAL LIMITED – ASX CDT, CITIGROUP PTY LTD, PEAK ASSET MANAGEMENT PTY LTD, BLOCK EVENT, CREDIT SUISSE (AUSTRALIA) LIMITED, IG MARKETS LIMITED, CHI-X AUSTRALIA PTY LTD, RIVKIN SECURITIES PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. DEPT OF THE TREASURY

Timing of bank inquiry will limit scrutiny: ALP

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Original article by Primrose Riordan
The Australian Financial Review – Page: 7 : 19-Sep-16

The Opposition has questioned the timing of a scheduled appearance by the "big four" bank CEOs before a parliamentary committee. They will front the inquiry in early October 2016, which coincides with both school holidays and a non-sitting week for Parliament. The Australian Labor Party also notes that it also covers the so-called "blackout period" for some of the banks, which will restrict the amount of information the CEOs can publicly disclose prior to the release of their financial results.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS, FINANCE AND PUBLIC ADMINISTRATION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA

ANZ-Roy Morgan New Zealand Consumer Confidence – Blooming Marvellous – up 3.3pts to 121.0

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-Sep-16

The ANZ-Roy Morgan New Zealand Consumer Confidence Index has risen from 117.7 to 121.0 in September 2016. Our seasonally adjusted estimate also showed a rise of three points, lifting from 122 to 125, which is the fourth consecutive increase and the highest reading since January. A net 31 per cent of New Zealanders expect to be better off financially in 12 months’ time, an increase of six points. Net optimism regarding the short-term economic outlook lifted from +5 to +12. Confidence regarding the long-term economic outlook increased from +10 to +14.

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

PM to push US over TPP

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 19-Sep-16

Australian Prime Minister Malcolm Turnbull will address the United Nations General Assembly in New York on 22 September 2016. He will also use the trip to seek US support for the Trans-Pacific Partnership trade deal, and he is hopeful that it can be ratified by the US before the new president takes office in January 2017. The TPP is opposed by both presidential candidates, Donald Trump and Hillary Clinton. Turnbull has stressed the "strategic importance" of the TPP in the South-east Asia region.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED NATIONS. GENERAL ASSEMBLY, TRANS-PACIFIC PARTNERSHIP, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES), ASSOCIATION OF SOUTH-EAST ASIAN NATIONS, UNITED STATES. DEPT OF DEFENSE

TV networks on brink of ad-spending revival

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Original article by Darren Davidson
The Australian – Page: 23 : 19-Sep-16

Australia’s free-to-air TV networks may gain a low single-digit increase in advertising sales for 2017, as negotiations with media buying agencies begin. Think TV CEO Kim Portrate notes that there is renewed interest in TV among advertisers. The Ten Network’s share of advertising revenue rose from 21.9 per cent to 25.2 per cent in the first half of 2016, while the Nine Network’s share fell from 38.6 per cent to 35.6 per cent. The Seven Network’s share fell by just 0.3 per cent, to 39.2 per cent.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, THINK TV, KPMG AUSTRALIA PTY LTD, FREE TV AUSTRALIA LIMITED, OMNICOM MEDIA GROUP AUSTRALIA PTY LTD, IPG MEDIABRANDS, DENTSU AEGIS MEDIA AUSTRALIA PTY LTD, VIVAKI, PUBLICIS GROUPE SA, PROCTER AND GAMBLE AUSTRALIA PTY LTD, SMI MEDIA INCORPORATED

Big gains from small Pilbara changes

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

The Gina Rinehart-backed Roy Hill iron ore project shipped its first iron ore from the Pilbara in late 2015. The use of technology is a key feature of the $A10bn project. Amongst other things, it uses drones to undertake surveying work, and it is trialling automated truck refuelling technology. BHP Billiton and Rio Tinto have deployed driverless trucks at their Pilbara mines, but Roy Hill Holdings Barry Fitzgerald says the company does not think the technology has a sufficient cost benefit.

CORPORATES
ROY HILL HOLDINGS PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, WOODSIDE PETROLEUM LIMITED – ASX WPL

Women feel the force of Twitter ferals

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Original article by Simone Fox-Koob
The Australian – Page: 23 : 19-Sep-16

There is concern about the growing trend for female journalists in Australia to be targeted by cyber-bullies via social media. A Twitter executive has conceded that the microblogging platform is often used to harass and threaten both women and journalists. Mamamia’s associate editor Georgie Dent and News Corp Australia magazine supplement editor Sarrah Le Marquand are among the women journalists who have received threats via social media.

CORPORATES
TWITTER INCORPORATED, MAMAMIA.COM.AU PTY LTD, NEWS CORP AUSTRALIA PTY LTD, SKY NEWS, FAIRFAX MEDIA LIMITED – ASX FXJ, TEN NETWORK HOLDINGS LIMITED – ASX TEN, WOMEN IN MEDIA

Padley ruffles feathers of the fund managers

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 20 : 19-Sep-16

Stockbroker Marcus Padley says the emergence of separately managed accounts represents a major change for the funds management industry. Padley is best known for the "Marcus Today" investment newsletter, which was launched in 1998. Marcus Today Investment Strategists has launched two SMAs, in which the client directly owns the shares. Padley favours IT stocks such as NextDC and Aconex, and healthcare stocks like Cochlear and Mayne Pharma.

CORPORATES
MARCUS TODAY INVESTMENT STRATEGISTS PTY LTD, BELL SECURITIES LIMITED, MORNINGSTAR PTY LTD, STANDARD AND POOR’S ASX 200 ACCUMULATION INDEX, AITKEN INVESTMENT MANAGEMENT PTY LTD, NEXTDC LIMITED – ASX NXT, ACONEX LIMITED – ASX ACX, COCHLEAR LIMITED – ASX COH, MAYNE PHARMA GROUP LIMITED – ASX MYX, MEGAPORT LIMITED – ASX MP1, NANOSONICS LIMITED – ASX NAN, SPARK INFRASTRUCTURE GROUP – ASX SKI, VOCUS COMMUNICATIONS LIMITED – ASX VOC, CHORUS LIMITED – ASX CNU, SUPERLOOP LIMITED – ASX SLC, SPEEDCAST INTERNATIONAL LIMITED – ASX SDA, NETCOMM WIRELESS LIMITED – ASX NTC, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, CREDIT CORP GROUP LIMITED – ASX CCP, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS

Media changes conservative, says global boss

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Original article by Max Mason
The Australian Financial Review – Page: 27 : 19-Sep-16

IPG Mediabrands’ global CEO Henry Tajer argues that the Federal Government’s proposed cross-media ownership reforms do not go far enough. He say the reforms should encourage consolidation in the sector, noting that Australia has too many media companies given the nation’s population. Tajer adds that the reforms should also take into account global companies that already have a presence in Australia – such as Facebook and Google – and ones that will enter the market in coming years.

CORPORATES
IPG MEDIABRANDS, FACEBOOK INCORPORATED, GOOGLE INCORPORATED, TWITTER INCORPORATED, SNAPCHAT INCORPORATED, AUSTRALIAN LABOR PARTY, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Investors face nervous wait ahead of rate calls

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Original article by Patrick Commins
The Australian Financial Review – Page: 19 : 19-Sep-16

The upcoming monetary policy meetings of the US Federal Reserve and the Bank of Japan will be a focus for Australian investors in the week beginning 19 September 2016. Futures markets have priced in a 20 per cent chance that the Federal Reserve will increase the cash rate, and Paul Ashworth of Capital Economics says a rate rise in December is more likely. The minutes from the Reserve Bank of Australia will also be released, and Philip Lowe will appear before Parliament for the first time in his new role of RBA governor.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, BANK OF JAPAN, RESERVE BANK OF AUSTRALIA, CAPITAL ECONOMICS LIMITED, RESERVE BANK OF NEW ZEALAND, STANDARD AND POOR’S ASX 200 INDEX, WESTPAC BANKING CORPORATION – ASX WBC, AMP CAPITAL INVESTORS LIMITED, EUROPEAN CENTRAL BANK, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA