Author: roymorgansocial

Seven reaps advertising gold

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Original article by Darren Davidson
The Australian – Page: 22 : 16-Sep-16

Data from Standard Media Index shows that the Seven Network boasted a 51 per cent share of TV advertising revenue in the metropolitan market during August 2016. The network is believed to have gained between $A120m and $A130m in ad revenue from its coverage of the Rio de Janeiro Olympic Games. SMI estimates that Seven’s digital coverage contributed about $A3.7m to its ad revenue. The market share of the Nine and Ten Network was 28.28 per cent and 20.72 per cent respectively in August.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, SMI MEDIA INCORPORATED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, TELSTRA CORPORATION LIMITED – ASX TLS, WOOLWORTHS LIMITED – ASX WOW, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, SINGTEL OPTUS PTY LTD, McDONALD’S AUSTRALIA LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED

Australian real unemployment virtually unchanged at 10.4% (down 0.1%) in August and under-employment drops to 7.1% (down 1.9%)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 15-Sep-16

Australian real unemployment was virtually unchanged at 10.4 per cent (down 0.1 per cent) in August 2016, nearly double the current ABS figure for July (5.7 per cent). However, this is a substantial increase in unemployment over the past year, with 1.332 million Australians (up 159,000 since August 2015) now unemployed. The Australian workforce has increased to 12,855,000 (up 104,000 since August 2015) over the last year, although total employment actually decreased to 11,523,000 (down 55,000). Meanwhile, a total of 2.249 million Australians, or 17.5 per cent of the workforce (the lowest since October 2015), were either unemployed or under-employed in August. This is up 132,000 from August 2015 (an increase of 0.9 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Company tax cuts to be scaled back

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Original article by David Crowe
The Australian – Page: 1 & 2 : 15-Sep-16

The Australian Government plans to introduce legislation in the lower house to implement its full 10-year plan to reduce the company tax rate for all businesses. However, it is preparing to prioritise tax cuts for small businesses when the legislation is debated in the Senate, due to expectations that the full policy will be rejected by the upper house. The Government plans to reduce the tax rate for businesses with annual turnover of up to $A10m to 27.5 per cent, although the Opposition favours a turnover threshold of just $A2m.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, BUSINESS COUNCIL OF AUSTRALIA, NICK XENOPHON TEAM, ONE NATION PARTY

Gary Morgan’s comment on the Roy Morgan August real unemployment estimates

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Original article by Gary Morgan, Roy Morgan Research
Market Research Update – Page: Online : 15-Sep-16

In August Australia’s real unemployment was 10.4 per cent (1.332 million people looking for work, 159,000 more than a year ago) and under-employment was 7.1 per cent (917,000, down 27,000 in a year) – a total of 17.5 per cent (2.249 million) Australians looking for work or looking for more work. Part-time employment spiked in June and July leading into and encompassing the Federal Election period. This phenomenon is not surprising and is consistent with part-time employment increases measured by Roy Morgan before the 2010 and 2013 Federal Elections. Now that this period is past, part-time employment has fallen back as many of these employees are no longer employed while others are now employed full-time. Today’s Roy Morgan real unemployment figures show that much more must be done by the Turnbull Government to provide employment opportunities to Australians looking for work and looking for more work. For the last 51 months (more than four years) in excess of 1 million Australians have been unemployed, stretching back to May 2012, and clearly more than 2 million Australians have been either unemployed or under-employed in every month this year.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Strikes to smash families’ holidays

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Original article by Ewin Hannan
The Australian – Page: 3 : 15-Sep-16

The Community & Public Sector Union has flagged industrial action by Department of Immigration & Border Force employees between 26 September and 2 October 2016. The escalating dispute over a new enterprise agreement is expected to result in strike action at Australia’s international airports and cruise ship terminals, as well as cargo ports. The industrial action will coincide with school holidays in some states, which has attracted criticism from Employment Minister Michaelia Cash.

CORPORATES
COMMUNITY AND PUBLIC SECTOR UNION, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. FAIR WORK COMMISSION

Global fundies not counting on a crash

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Original article by Vesna Poljak, Jonathan Shapiro
The Australian Financial Review – Page: 15 & 22 : 15-Sep-16

Investors have been warned to expect further volatility in equity markets until the US Federal Reserve resumes increasing interest rates. Many global fund managers anticipate that the central bank will begin tightening monetary policy soon, although they generally expect rates to rise gradually. The recent equities sell-down has boosted government bond yields, and there is growing concern that the bond market’s long bull run may be nearing its end.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX, MAGELLAN FINANCIAL GROUP LIMITED – ASX MFG, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, K2 ASSET MANAGEMENT HOLDINGS LIMITED – ASX KAM, PLATINUM ASSET MANAGEMENT LIMITED – ASX PTM

PM’s focus budget and IR

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Original article by Phillip Coorey, Laura Tingle
The Australian Financial Review – Page: 1 & 2 : 15-Sep-16

Prime Minister Malcolm Turnbull has identified the Federal Government’s key legislative priorities for the remainder of 2016. They include industrial relations reform, corporate tax cuts, superannuation tax reform and changes to competition law. Turnbull says he is "quietly confident" that the Senate will pass bills to reinstate the Australian Building & Construction Commission and establish the Registered Organisations Commission, and he may be open to compromise deals in order to ensure their passage.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, REGISTERED ORGANISATIONS COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE TREASURY

Banks test staff on cyber security

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Original article by James Eyers
The Australian Financial Review – Page: 19 : 15-Sep-16

Australian banks are testing their staff’s readiness for cyber security threats by sending fake "phishing" emails to employees and monitoring their responses. Steve Glynn, the chief information security officer at the ANZ Bank, has told the Sinet61 summit in Sydney that the purpose of the exercise is to identify those who could expose the bank to cyber attacks.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ASX LIMITED – ASX ASX, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Tighter supply means iron ore won’t fall to $US30: investors

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Original article by Peter Ker
The Australian Financial Review – Page: 21 : 15-Sep-16

Colonial First State Global Asset Management’s Todd Warren notes that a number of factors have contributed to lower-than-expected iron ore supply in 2016. However, he says the most bearish forecasts for the iron ore price are unlikely to be realised. The price of the steel input has retreated in recent weeks, although it has remained above $US50 per tonne for most of the last six months. Citigroup forecasts that the iron ore price will average $US45/tonne in 2017.

CORPORATES
COLONIAL FIRST STATE GLOBAL ASSET MANAGEMENT, CITIGROUP PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, CLIFFS NATURAL RESOURCES INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SAMARCO MINERACAO SA

Seven seeks to redraw Disney deal

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Original article by Jake Mitchell
The Australian – Page: 19 : 15-Sep-16

Australian-listed Seven West Media is said to pay at least $A50m a year for TV programs from the Walt Disney Company. The output deal will expire in late 2016 or early 2017, and Seven is said to be seeking to renegotiate the terms of the arrangement to allow the broadcaster to selectively take new programs. Seven is also investing heavily in local content. The Nine Network recently renegotiated its content deal with Warners Bros.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, WALT DISNEY COMPANY, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WARNER BROS, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, SONY PICTURES TELEVISION PTY LTD, NBC UNIVERSAL INCORPORATED, PRESTO ENTERTAINMENT PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE