Author: roymorgansocial

ANZ-Roy Morgan Australian Consumer Confidence falls after Olympics ends, but still at high levels – 118.4 (down 3.4pts)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 31-Aug-16

ANZ-Roy Morgan Australian Consumer Confidence fell 2.8 per cent to 118.4 in the week ending 28 August 2016. The decline in confidence was entirely driven by households’ views of the economic outlook. Households’ views of the economic outlook in the next 12 months fell by 7.0 per cent, while consumers’ views of their current and future finances rose by 1.9 per cent and 0.4 per cent respectively.

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

Coles deal forces union rates retreat

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Original article by Ewin Hannan
The Australian – Page: 1 & 6 : 30-Aug-16

The Shop, Distributive & Allied Employees’ Association has reviewed nearly 100 enterprise agreements in response to the Fair Work Commission’s decision to strike down its pay deal with Coles. The SDA’s national secretary, Gerard Dwyer, has warned that the ruling means that the union will have to cease the long-standing practice of trading off penalty rates in return for gaining higher base rates of pay for its members. The FWC ruled that the Coles enterprise agreement breached the "no disadvantage" test.

CORPORATES
SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, COLES SUPERMARKETS AUSTRALIA PTY LTD, AUSTRALIA. FAIR WORK COMMISSION

National support down but still has election winning lead after boost from $1 billion housing infrastructure fund announcement wears off

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 30-Aug-16

A New Zealand Roy Morgan Poll on voting intention has found that support for the ruling National Party has fallen by seven per cent to 46 per cent in August 2016. The poll also shows that support for a potential Labour/Greens alliance has risen by three per cent to 40 per cent, while the NZ Roy Morgan Government Confidence Rating has risen by 0.5 points to 127.5 points. Roy Morgan Research executive chairman Gary Morgan says that while the main focus during August was New Zealand’s performance at the Olympics, of more importance to the New Zealand economy and the Government’s future in particular was the decision by the Reserve Bank of New Zealand (RBNZ) to cut interest rates to a record low of two per cent, which suggests that the RBNZ sees a challenging period ahead before New Zealand heads to an election later next year.

CORPORATES
ROY MORGAN RESEARCH LIMITED, NATIONAL PARTY OF NEW ZEALAND, LABOUR PARTY (NEW ZEALAND), GREEN PARTY OF AOTEAROA NEW ZEALAND, NEW ZEALAND FIRST PARTY, CONSERVATIVE PARTY OF NEW ZEALAND, THE MAORI PARTY, ACT NEW ZEALAND, INTERNET PARTY, MANA PARTY, UNITED FUTURE PARTY (NEW ZEALAND), RESERVE BANK OF NEW ZEALAND

The tea party: Australians love a cuppa

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Aug-16

A Roy Morgan Single Source survey has found that 50 per cent of Australians aged 14+ (9.8 million people) drank at least one cup of tea in any given week during the year to June 2016. This compares with 49 per cent, or 9.6 million people, in the previous 12 months. Meanwhile, the average volume consumed has risen from 9.1 cups per person to 9.5 cups per person. The survey also shows that 55 per cent of women drink at least one cup of tea in an average week, compared with 45 per cent of men, while Australians aged 65+ are the most likely to drink tea in any given week.

CORPORATES
ROY MORGAN RESEARCH LIMITED

SUVs drive growth in new car market (and size matters)

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 30-Aug-16

A Roy Morgan Single Source survey has found that 2,331,000 Australians aged 14+ intend to buy a new vehicle in the next four years. This includes 634,000 who intend to do so within the next 12 months. The survey also shows that 885,000 Australians intend to buy an SUV in the next four years, which is almost 20 per cent higher than 12 months ago. Meanwhile, the number of Australians who intend to buy a new Toyota in the next four years has risen by 70,000, ahead of Hyundai (up 37,000) and Mitsubishi (up 28,000).

CORPORATES
ROY MORGAN RESEARCH LIMITED, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, HYUNDAI MOTOR COMPANY AUSTRALIA PTY LTD, MITSUBISHI MOTORS AUSTRALIA LIMITED, NISSAN MOTOR COMPANY (AUSTRALIA) PTY LTD, BMW AUSTRALIA LIMITED, MAZDA AUSTRALIA PTY LTD

Hanson offers hope for ABCC bill

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Original article by Sarah Martin
The Australian – Page: 1 & 4 : 30-Aug-16

Incoming senator Pauline Hanson will consult with both sides of politics before deciding her stance on the Australian Building & Construction Commission. However, Hanson has indicated that she opposes "union thuggery" and says small contractors and subcontractors must be protected from such union practices. Hanson is yet to decide her position on proposed company tax cuts, but warns of the risk that companies may relocate to countries with lower tax rates unless the tax burden is reduced.

CORPORATES
ONE NATION PARTY, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Government faces delay on ‘urgent’ cuts

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 30-Aug-16

The Australian Government will introduce 26 separate bills to Parliament in coming days, although its "omnibus" and superanuation reform bills will be delayed. The Australian Labor Party was not given a copy of the omnibus bill at its caucus meeting on 29 August 2016, while some Labor MPs oppose several of the proposed measures to reduce government spending. Meanwhile, the Government is yet to reach consensus within its own ranks regarding the lifetime cap on non-concessional super contributions.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PARLIAMENTARY BUDGET OFFICE, COUNCIL ON THE AGEING, AUSTRALIAN GREENS, AUSTRALIAN RENEWABLE ENERGY AGENCY, VICTORIA. COUNTRY FIRE AUTHORITY, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Dollar hit by prospects of US interest rate hike

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Original article by David Rogers
The Australian – Page: 32 : 30-Aug-16

The Australian dollar fell to a four-week low in local trading on 29 August 2016, at around the $US0.7525 level. The currency was sold down amid indications that the Federal Reserve could increase US interest rates at least once before the end of the year, and potentially in September. A downturn in the spot price of iron ore also weighed on support for the commodity currency, which peaked at $US0.7756 earlier in the month. UBS forecasts that the dollar will test the $US0.70 level by the end of the year.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, UBS HOLDINGS PTY LTD, BLOOMBERG LP, RESERVE BANK OF AUSTRALIA, QIC LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

Another big miner in $1.2b ATO dispute

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Original article by Peter Ker
The Australian Financial Review – Page: 3 : 30-Aug-16

An Australian subsidiary of Japan’s Mitsubishi claimed a $A1.22bn income tax deduction in 2009, which related to its acquisition of a coal tenement by the company’s joint venture with BHP Billiton in 2008. The Australian Taxation Office subsequently served Mitsubishi with a notice of amended assessment regarding the tax deduction. The tax dispute has yet to be resolved, although the ATO recently offered a settlement to Mitsubishi.

CORPORATES
MITSUBISHI CORPORATION, MITSUBISHI DEVELOPMENT PTY LTD, AUSTRALIAN TAXATION OFFICE, BHP BILLITON LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, NEW HOPE CORPORATION LIMITED – ASX NHC, RIO TINTO LIMITED – ASX RIO, GLENCORE PLC

Coalition backs media reforms

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Original article by Jake Mitchell
The Australian – Page: 23 : 30-Aug-16

The Australian Government will push ahead with cross-media ownership media reforms after the policy was endorsed by the Coalition’s partyroom on 29 August 2016. The legislation will be introduced to Parliament within days, although the Government may need to rely on the support of crossbenchers as the Opposition has yet to decide its stance on abolishing the "two-out-of-three" rule. Media industry executives will also hold meetings with the major political parties and crossbenchers in coming days.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, NICK XENOPHON TEAM, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SEVEN WEST MEDIA LIMITED – ASX SWM, FOXTEL MANAGEMENT PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, PRIME MEDIA GROUP LIMITED – ASX PRT, WIN CORPORATION PTY LTD, HERALD AND WEEKLY TIMES LIMITED, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL