Author: roymorgansocial

Demand rally seen as strong enough to withstand US rate rise

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Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 7-Sep-16

Cadence Capital’s Karl Siegling argues that a rise in US interest rates is likely to have only a short-term impact on the recent rebound in commodity prices. James Gerrish of Shaw & Partners notes that while the gold price is likely to be the most affected by a rate rise, the iron ore price is primarily influenced by supply and demand considerations. Siegling adds that base metal producers will be the hardest hit by a rise in US interest rates.

CORPORATES
CADENCE CAPITAL LIMITED – ASX CDT, SHAW AND PARTNERS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, MACQUARIE WEALTH MANAGEMENT, INDEPENDENCE GROUP NL – ASX IGO

1 in 5 smartphone users often go over their data limits

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Sep-16

A Roy Morgan Single Source survey has found that 19 per cent of Australians aged 14+ (three million people) often go over their mobile data limit. The survey, which was carried out in the year to June 2015, also shows that 32 per cent of smartphone users aged 14-24 and 29 per cent of those aged 25-34 often exceed their data limit, compared with 15 per cent of those aged 35-49. In contrast, just nine per cent of smartphone users aged 50-64 and seven per cent of those aged 65+ often exceed their data limit. Analysis by provider shows that smartphone users connected with Optus or Vodafone are the most likely (23 per cent) to exceed their data limit.

CORPORATES
ROY MORGAN RESEARCH LIMITEDSINGTEL OPTUS PTY LTDVODAFONE AUSTRALIA LIMITEDBOOST MOBILEAMAYSIM AUSTRALIA LIMITED – ASX AYSTELSTRA CORPORATION LIMITED – ASX TLSTPG TELECOM LIMITED – ASX TPMALDIMOBILE

Inghams to spread wings after IPO

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Original article by Damon Kitney
The Australian – Page: 19 & 22 : 6-Sep-16

Private equity firm TPG Capital plans to reduce its stake in Inghams Enterprises via an IPO on the Australian sharemarket. TPG bought the poultry group for about $A880 million in March 2013. The float is expected to raise $A1.3 billion or more from investors. Inghams CEO Mick McMahon says the company intends to seek growth opportunities in foreign markets.

CORPORATES
INGHAMS ENTERPRISES PTY LTDTPG CAPITAL LPASX LIMITED – ASX ASXUBS HOLDINGS PTY LTDCREDIT SUISSE (AUSTRALIA) LIMITEDMACQUARIE CAPITAL PTY LTDCITIGROUP PTY LTDMORGAN STANLEY AUSTRALIA LIMITEDGOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD

Breakfast drinks: not just for breakfast?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 6-Sep-16

A Roy Morgan Single Source survey has found that 23 per cent of Australians aged 14+ (4.5 million people) say they "seldom have time for breakfast". The survey, which was carried out in the year to June 2016, also shows that cereal is the most widely consumed breakfast choice among 33 per cent of the general population and 24 per cent of those who seldom have time for breakfast, ahead of biscuit cereal (24 per cent and 19 per cent respectively). In contrast, breakfast drinks are consumed by just six per cent of the general population and 10 per cent of those who say they seldom have time for breakfast. However, of the total Australians who consume breakfast drinks in an average week, only 38 per cent claim to seldom have time for breakfast.

CORPORATES
ROY MORGAN RESEARCH LIMITEDSANITARIUM HEALTH FOOD COMPANYKELLOGG (AUSTRALIA) PTY LTD

Woodside floats into the Scarborough LNG debate

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 11 : 6-Sep-16

Woodside Petroleum will make an upfront payment of $US250m for half of BHP Billiton’s stake in the Scarborough LNG project in Western Australia. The deal includes a provision for the payment of an additional $US150m if the partners in the project – which also include ExxonMobil – make a final investment decision. The Scarborough project is being developed on the basis that it will use floating LNG technology, although this seems less likely with Woodside on board, given that it has onshore gas processing facilities in the state.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPLBHP BILLITON LIMITED – ASX BHPEXXONMOBIL CORPORATIONCREDIT SUISSE (AUSTRALIA) LIMITEDMORGANS FINANCIAL LIMITEDALLAN GRAY AUSTRALIA PTY LTDCONOCOPHILLIPSAPACHE ENERGY LIMITEDOIL SEARCH LIMITED – ASX OSH

Secret report prepared for CFA reveals anti-union ambition

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Original article by Nick ToscanoRichard Willingham
The Age – Page: 6 : 6-Sep-16

A confidential report produced for Victoria’s Country Fire Authority outlined a range of strategies for reducing union influence on the volunteer-dominated firefighting service. Amongst other things, the report – which was prepared by law firm Seyfarth Shaw Australia – proposed to recruit CFA staff on non-union employment contacts and restrict unions’ access to CFA workplaces. The Victorian Government subsequently replaced the CFA board amid an ongoing dispute with the United Firefighters’ Union over an enterprise agreement.

CORPORATES
VICTORIA. COUNTRY FIRE AUTHORITYSEYFARTH SHAW LLPUNITED FIREFIGHTERS’ UNION OF AUSTRALIA

$10bn in school funding fails to lift student results

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Original article by Stefanie Balogh
The Australian – Page: 4 : 6-Sep-16

The Productivity Commission will release a draft report on school students’ academic performance on 6 September 2016. The report concludes that students’ academic results have not improved despite a 24 per cent increase in federal and state funding for schools between 2004-05 and 2013-14. There was a 14 per cent increase in government funding per student over this period. Ken Boston, who helped develop the Gonski education reforms, has called for better allocation of government funding for schools.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSIONAUSTRALIAN LABOR PARTYNEW SOUTH WALES. DEPT OF EDUCATION AND COMMUNITIESAUSTRALIAN EDUCATION UNIONTHE AUSTRALIAN COUNCIL FOR EDUCATIONAL RESEARCH LIMITED

Heady month ahead putting investors on watch for a fall

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 26 : 6-Sep-16

Perpetual’s Matthew Sherwood says the Australian sharemarket could retreat in September 2016, noting that valuations and the outlook for earnings are high at present. The monetary policy meetings of central banks in the US, Japan and Europe will also be a focus for investors. Sharemarkets also often fall in September, as US traders return from the summer break. Michael Gable of Fairmont Equities says the S&P/ASX 200 could test the 5,200-point level in the near-term.

CORPORATES
PERPETUAL LIMITED – ASX PPTFAIRMONT EQUITIES PTY LTDSTANDARD AND POOR’S ASX 200 INDEXUNITED STATES. FEDERAL RESERVE BOARDEUROPEAN CENTRAL BANKBANK OF JAPANBHP BILLITON LIMITED – ASX BHPNATIONAL AUSTRALIA BANK LIMITED – ASX NABAUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZCOMMONWEALTH BANK OF AUSTRALIA – ASX CBAWESTPAC BANKING CORPORATION – ASX WBC

Insurance complaints spike

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Original article by Andrew White
The Australian – Page: 23 : 6-Sep-16

Australia’s Financial Ombudsman Service received 34,095 complaints from consumers in 2015-16, compared with 31,895 in 2014-15. There was a large rise in complaints about insurance products and services, which comprised 31 per cent of all complaints. The FOS resolved some 32,871 complaints during 2015-16, which is five per cent lower than previously, and this has been attributed to the rise in the number of grievances submitted to the agency.

CORPORATES
FINANCIAL OMBUDSMAN SERVICE LIMITEDAUSTRALIA. OFFICE OF THE AUSTRALIAN SMALL BUSINESS AND FAMILY ENTERPRISE OMBUDSMANAUSTRALIA. DEPT OF FINANCEAUSTRALIAN LABOR PARTY

Savers losers as banks cut term deposit rates

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Original article by Michael Bennet
The Australian – Page: 21 : 6-Sep-16

Data from Deutsche Bank shows that many Australian banks have reduced their term deposit interest rates by 15-25 basis points since the Reserve Bank cut the cash rate in August 2016. However, while rates on shorter-duration term deposits have fallen, the ANZ Bank has increased its rates on one- and two-year term deposits, while all four major banks have increased their longer-term rates for new customers. Meanwhile, the interest rates on their online savings accounts have been cut by 25 basis points.

CORPORATES
DEUTSCHE BANK AGAUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZCOMMONWEALTH BANK OF AUSTRALIA – ASX CBAWESTPAC BANKING CORPORATION – ASX WBCNATIONAL AUSTRALIA BANK LIMITED – ASX NABBANK OF WESTERN AUSTRALIA LIMITEDBENDIGO AND ADELAIDE BANK LIMITED – ASX BENBANK OF QUEENSLAND LIMITED – ASX BOQRESERVE BANK OF AUSTRALIA