Author: roymorgansocial

Australians warned not to travel to Lebanon as tensions between Israel and Hezbollah rise

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Original article by Maddy Morwood
abc.net.au – Page: Online : 30-Jul-24

The Department of Foreign Affairs & Trade’s Smartraveller service has advised Australians not to travel to Lebanon, following increasing tensions between Israel and Hezbollah in the wake of an attack by Hezbollah on the Israeli-occupied Golan Heights that killed a dozen children. Smartraveller also advised Australians in Lebanon to leave immediately while commercial flights are still available, with a number of airlines having cancelled or suspended flights to Lebanon because of the increased tensions. Meanwhile, Opposition leader Peter Dutton has commenced an official visit to Israel, where he will meet with senior government officials and travel to the sites of the Hamas terrorist attacks on 7 October.

CORPORATES
AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

No stopping boats if you stop looking

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Original article by Ben Packham
The Australian – Page: 1 & 4 : 30-Jul-24

New data has raised concern about Australia’s ability to detect illegal maritime arrivals. US-based Leidos is required to undertake 15,000 hours of aerial surveillance each year under its Operation Sovereign Borders contract. However, the defence company’s total flight time in 2022-23 was just 12,691 hours, which is 20.7 per cent lower than the previous year. The Senate was recently told that this had fallen by a further two per cent in the first 11 months of 2023-24. The Coalition contends that addressing the decline in aerial surveillance and maritime patrols should be a priority for new Home Affairs Minister Tony Burke.

CORPORATES
LEIDOS, AUSTRALIA. DEPT OF HOME AFFAIRS

PM calls for Barnaby Joyce to be sacked for telling voters to use votes as bullets

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Original article by Courtney Gould, Tim Fernandez
abc.net.au – Page: Online : 30-Jul-24

National Party MP Barnaby Joyce has apologised for using an inappropiate metaphor during an anti-wind farm rally in NSW on Sunday. Joyce likened a ballot paper in the upcoming election to a bullet and the ballot box to a gun’s magazine; he stated that voters should "get ready to load that magazine" and says goodbye to Chris Bowen, Anthony Albanese and the local MP Stephen Jones. Albanese has urged Opposition leader Peter Dutton to remove Joyce from his frontbench, contending that the analogy was completely unacceptable and could potentially incite violence behaviour. Joyce’s comments followed the recent failed attempt to assassinate former US president Donald Trump.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Roy Morgan Poll: Labor has slight edge in too close to call election as both major parties lose primary support: ALP 50.5% cf. L-NP 49.5%

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Jul-24

If a Federal Election were held now the result would be ‘too close to call’ with the Labor Party in front 50.5% (up 1.5%) just ahead of the Coalition on 49.5% (down 1.5%) on a two-party preferred basis. Either the ALP or Coalition would require the support of minor parties and independents to form a minority government based on these results, the latest Roy Morgan survey finds. The Coalition primary vote was down 2% to 37.5%, the ALP primary support was down 1% to 30.5% while support for the Greens was unchanged at 13%. Support for One Nation increased 1.5% to 6.5%, support for Other Parties was up 0.5% to 4% and support for Independents increased 1% to 8.5%.

CORPORATES
ROY MORGAN LIMITED, MORGAN POLL, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS, ONE NATION PARTY

ABC cops Buttrose blast over news bias

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Original article by Sophie Elsworth
The Australian – Page: 5 : 30-Jul-24

Media industry veteran Ita Buttrose says the ABC needs to present both sides of an argument, contending that this is "much better" for the viewer or the listener. However, Buttrose adds that some ABC interviewers are reluctant to tell both sides of a story; she also says that if the public broadcaster’s journalists cannot take criticism they should just "give up". Buttrose’s five-year term as the ABC’s chair ended in March. Meanwhile, she says the strike action by Nine Entertainment journalists on the eve of the Paris Olympic Games was an "unwise decision", given that the Olympics is a major investment for the company.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

CFMEU will take years to rebuild: Watt

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Original article by Ewin Hannan
The Australian – Page: 1 & 4 : 30-Jul-24

Workplace Relations Minister Murray Watt says the allegations that the CFMEU’s construction division has links to organised crime are "shocking and seriously disturbing". Watt adds that addressing the issue is a top priority for the federal government. Watt also says the government is prepared to legislate to ensure that several branches of the CFMEU’s construction division are placed in administration. Meanwhile, Watt has criticised Coalition MPs for claiming that the CFMEU’s links to organised crime were well-known, questioning why the Coalition did nothing about the issue while it was in office.

CORPORATES
AUSTRALIA. DEPT OF EMPLOYMENT AND WORKPLACE RELATIONS, CONSTRUCTION, FORESTRY AND MARITIME EMPLOYEES UNION

Streaming ad revenue set to eclipse TV

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 17 : 30-Jul-24

A report from PwC notes that revenue across Australia’s media industry has risen to $62.3bn in the last year, although growth in revenue slowed from 6.6 per cent to just 2.8 per cent. Meanwhile, PwC estimates that digital revenue now accounts for 70 per cent of advertising spending in the media sector, compared with 54 per cent in 2019; the firm has also forecast that this will increase to 79 per cent by 2028. PwC in turn expects advertising revenues from traditional TV broadcasts to fall to around $3.5bn by 2028, while revenue from subscription and ‘catch-up’ services is forecast to rise to a similar level within four years.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Big Glencore shareholders united on coal

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 30-Jul-24

Glencore CEO Gary Nagle initially proposed demerging its coal division in early 2023. However, some large shareholders want the global mining group to retain its coal assets, including its coking and thermal coal mines in NSW and Queensland. Australian coal shipments accounted for 52 per cent of Glencore’s earnings in 2023, although it also owns coal mines in Colombia, South Africa and Canada. Glencore recently completed the acquisition of Teck Resources’ coal mines in Canada.

CORPORATES
GLENCORE PLC, TECK RESOURCES LIMITED

Investors brace for bruising earnings season

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Original article by Sarah Jones
The Australian Financial Review – Page: 21 : 30-Jul-24

Factors such as the cost-of-living crisis and high interest rates are expected to weigh on the August corporate reporting season. Macquarie has forecast a six per cent decline in earnings across the market for 2023-24, although the broker anticipates earnings growth of 10 per cent in 2024-25. Jun Bei Liu from Tribeca Investment Partners in turn expects the earnings season to be one of the softest in recent times, stating that revenue and margins are likely to have remained under pressure due to factors such as high labour costs and slowing economic growth.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, TRIBECA INVESTMENT PARTNERS PTY LTD

Amazon Australian adds 1.1 million new customers to its customer base; now 7.9 million Australians shop on Amazon ramping up its status as a threat to all Australian retailers

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Jul-24

As many retail brands struggle to maintain sales and acquire new customers amid the cost-of-living crisis, Amazon continues to buck the trend by growing its annual customer base by 1.1 million people in the 12 months to June 2024. Research from Roy Morgan shows that 7.9 million Australians aged 14+ now shop on Amazon at least once a year, up from 6.8 million in the year to June 2023. David Jones (-5%) and Target (-7%) have lost the most customers over the last 12 months compared to the previous year, while Big W and Myer are in neutral territory. JB HiFi is the only other retailer to have gained customers, with an increase of 300,000 in the current year. A large proportion of Amazon shoppers are high-frequency customers, with 3 in 10 making a purchase seven or more times over a 12-month period. A mix of all Australians are shopping on Amazon; however, an even split between men (50%) and women (50%) sets Amazon apart from most of its peers which tend to skew towards women. More than half of Amazon’s shoppers are aged 25-39, and its shoppers are more likely than the average Australian to come from higher income households (3 in 10 shoppers live in $200,000+ income households).

CORPORATES
ROY MORGAN LIMITED, AMAZON.COM INCORPORATED