Author: roymorgansocial

Voelte to pay ABC legal costs after defamation case fails

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Original article by Misa Han
The Australian Financial Review – Page: 2 : 20-Jul-16

A jury has rejected a defamation lawsuit against the ABC over a news story that was broadcast on "The Business" in November 2014. Former Seven Group Holdings CEO Don Voelte had alleged that the story on Seven Group’s takeover of Nexus Energy was defamatory. The story claimed that the former Nexus chairman had "dudded" shareholders and that he had "switched camps". Voelte has been ordered to pay most of the public broadcaster’s legal costs.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, NEXUS ENERGY LIMITED, UNIVERSITY OF NEW SOUTH WALES

Babymooners or just expecting parents on holiday?

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

A Roy Morgan Single Source survey, which was carried out in the year to March 2016, has found that 54.7 per cent of Australians aged 14+ intend to take their next holiday within the next five months, with an average planned trip length of six nights. In contrast, 42 per cent of expecting parents are planning their next trip within this time, with an average planned holiday length of three nights. However, just over a quarter of expecting parents plan to take a holiday in the next 6-12 months (compared with a national average of 17.4 per cent), while 12.1 per cent intend to do so in the next one-to-two years (compared with the national average of 5.1 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED

Lynas hits quarterly revenue record

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Original article by Daniel Palmer
The Australian – Page: 32 : 19-Jul-16

Australian-listed Lynas Corporation has reported sales of $A196.1m for 2015-16, compared with $A148.6m previously. The rare earths producer’s full-year result was boosted by record sales in the fourth quarter, with gross sales revenue for the period rising by 27 per cent to $A55.9m. Lynas shares closed $A0.008 higher at $A0.084 on 18 July 2016.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Exxon tops Oil Search with bid for InterOil

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 11 : 19-Jul-16

Australian-listed Oil Search is not expected to exercise its right to match ExxonMobil’s $US2.48bn ($A3.26bn) takeover bid for InterOil. It has three days to match the bid. having made its own $US2.2bn ($A2.9bn) offer for InterOil in May. Some analysts suggest that the ExxonMobil deal would benefit all parties with exposure to the Papua New Guinea LNG sector, including Oil Search. Shareholders of InterOil were slated to vote on the Oil Search offer in late July.

CORPORATES
OIL SEARCH LIMITED – ASX OSH, INTEROIL CORPORATION, EXXONMOBIL CORPORATION, TOTAL SA, MORGANS FINANCIAL LIMITED, DEUTSCHE BANK AG

Girls, Asians, wealthier kids, and only children do more homework

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

A Roy Morgan Young Australians Survey has found that the average Australian tween aged 10 to 13 spends 37 minutes doing homework on a typical weekday and nearly an hour on weekends, for a total of four hours per week. The survey, which was carried out in the year to December 2015, also shows that tween girls spend four hours and 25 minutes on average doing homework each week, compared with three hours and 35 minutes for boys. Meanwhile, tweens with an Asian background spend a little over six hours on homework a week, while tweens in households with annual gross income of at least $A200,000 spend an average of four hours and 35 minutes per week doing homework, which is over an hour more than those in low-income homes.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Actuaries back $500,000 cap and call for government to push package

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Original article by Sally Rose
The Australian Financial Review – Page: 5 : 19-Jul-16

Guy Thornburn of Mercer says the Federal Government’s proposed superannuation reforms will make the system fairer and more flexible. He adds that the proposal to impose a lifetime cap of $A500,000 on non-concessional contributions is "reasonable" in the context of the broader super reforms, although he suggests that it could be backdated by just three years rather than to 2007. Lance Cunningham of BDO says the cap should be a minimum of $A1m.

CORPORATES
MERCER INVESTMENTS PTY LTD, BDO AUSTRALIA LIMITED, RICE WARNER ACTUARIES PTY LTD

Australian bourse charts course higher but big tests ahead

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Original article by Jessica Sier
The Australian Financial Review – Page: 26 : 19-Jul-16

Australia’s benchmark S&P/ASX 200 has rallied in the wake of the UK’s vote to leave the European Union, rising above 5,400 points. Listed gold producers in particular have risen strongly amid the global trend toward "safe haven" assets, although the broader materials sector has also performed well. Meanwhile, the local market may benefit from the US equities rally, while the upturn in commodity prices in 2016 and Australia’s upcoming August corporate reporting season bode well for domestic shares.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CREDIT SUISSE (AUSTRALIA) LIMITED, RESERVE BANK OF AUSTRALIA, IG MARKETS LIMITED, STANDARD AND POOR’S 500 INDEX, JP MORGAN AND COMPANY INCORPORATED, CSL LIMITED – ASX CSL, COCHLEAR LIMITED – ASX COH, RESMED INCORPORATED – ASX RMD, AMCOR LIMITED – ASX AMC, BRAMBLES LIMITED – ASX BXB, RIVKIN SECURITIES PTY LTD

Seven West signs Aussie start-up for Olympics alerts

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Original article by John Stensholt
The Australian Financial Review – Page: 20 : 19-Jul-16

Australia’s Rio de Janeiro Olympic Games broadcaster Seven West Media will provide viewers with messages advising them of Olympic events that they want to watch. Sports fans will receive an alert 15 minutes before an event begins, after Seven secured a deal with CalReply, The technology start-up’s alert service was used by some 600,000 people during the 2015 Rugby World Cup.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, CALREPLY, SQUARE PEG CAPITAL PTY LTD, VALAR VENTURES MANAGEMENT LLC, CVC ASIA PACIFIC (AUSTRALIA) PTY LTD

Women’s work in cabinet drops as touted promotions evaporate

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Original article by Rosie Lewis
The Australian – Page: 5 : 19-Jul-16

The number of cabinet portfolios allocated to women has fallen in the Australian Government’s post-election reshuffle. The role of Marise Payne as Defence Minister will be reduced, with Christopher Pyne assuming responsibility for the construction of new naval vessels as the Minister for Defence Industries. Kelly O’Dwyer has been promoted to Minister for Revenue and Financial Services, although the small business portfolio has been reallocated.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF HEALTH, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

PM resets agenda with reshuffle

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Original article by David Crowe
The Australian – Page: 1 & 4 : 19-Jul-16

The new Australian Government will have 23 cabinet ministers, with increased representation for the National Party. The role of the minister for Northern Australia, Matt Canavan, has been expanded to include the resources portfolio, and he has moved from the outer ministry to cabinet. Meanwhile, former resources minister Josh Frydenberg will take on the environment and energy portfolio, Greg Hunt has been appointed Minister for Industry, ­Innovation and Science, and former assistant treasurer Kelly O’Dwyer has been promoted to the Minister for Revenue and Financial Services.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF THE ENVIRONMENT, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN ELECTORAL COMMISSION