Author: roymorgansocial

I’m not done yet: Leckie’s return

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Original article by Darren Davidson
The Australian – Page: 23 & 25 : 18-Jul-16

TV industry veteran David Leckie says he intends to seek another role in the media industry when his 13-year tenure at the Seven Network ends in late July 2016. Seven usurped the Nine Network – Leckie’s previous employer for more than two decades – as Australia’s top-rating free-to-air network during his tenure, which included a stint as CEO. Leckie remains upbeat about the outlook for traditional media, arguing that so-called "digital disruption" has in fact led to increased interest in broadcast TV.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, OZTAM PTY LTD, THE NIELSEN COMPANY (AUSTRALIA) PTY LTD, WOODSIDE PETROLEUM LIMITED – ASX WPL, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Workers clocking off mentally, study claims

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Original article by Lucille Keen
The Australian Financial Review – Page: 11 : 15-Jul-16

Many Australian employees are mentally detached from their work. Recruitment firm Robert Half conducted a study of 300 CFOs and finance directors which shows that 49 per cent of small to medium businesses detected “inner resignation” among employees. Large organisations reported up to 54 per cent of workers being in this category. Robert Half Asia Pacific senior MD David Jones advises companies to take steps to re-engage workers, as poor morale has a negative impact on productivity.

CORPORATES
ROBERT HALF AUSTRALIA PTY LTD, STANFORD UNIVERSITY, AUSTRALIAN HUMAN RESOURCES INSTITUTE, ERNST AND YOUNG, GALLUP INTERNATIONAL

Baileys and beyond: Australia’s liqueur drinkers

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

A Roy Morgan Single Source survey has found that eight per cent of Australians aged 18+ (or 1.5 million people) drink at least one liqueur in any given four weeks. The survey also shows that 574,000 Australian adults enjoyed at least one Baileys Irish Cream in the year to March 2016, ahead of Kahlua (165,000), Jagermeister (123,000) and Midori (121,000). Meanwhile, 716,000 Australian men and 767,000 women drink liqueurs in any given four weeks. Brands with a much higher proportion of female drinkers include Baileys Irish Cream, Kahlua, Frangelico and Tia Maria, while liqueurs that are more popular with men than women include Jagermeister and Sambuca (Galliano).

CORPORATES
ROY MORGAN RESEARCH LIMITED, BAILEYS IRISH CREAM, KAHLUA, JAGERMEISTER, MIDORI, FRANGELICO, TIA MARIA, SAMBUCA, COINTREAU

Moody’s issues bleak outlook for banks

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 19 : 15-Jul-16

Australian banks are likely to experience pressure on their profit margins because of low interest rates. Frank Mirenzi of Moody’s states in a report released on 14 July 2016 that household debt has increased as a result of rising house prices and low income growth. At present, the big four banks have an "Aa2" rating from Moody’s and an "AA-" rating from Standard & Poor’s.

CORPORATES
MOODY’S INVESTORS SERVICE INCORPORATED, STANDARD AND POOR’S CORPORATION, RESERVE BANK OF AUSTRALIA, HSBC BANK PLC, WELLS FARGO AND COMPANY, BNY MELLON ASSET MANAGEMENT AUSTRALIA LIMITED

Oil Search could be crushed in InterOil battle

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 20 : 15-Jul-16

Proxy adviser ISS has endorsed Oil Search’s $US2.2bn takeover bid for InterOil, with the target’s shareholders scheduled to vote on the deal on 26 July 2016. However, ExxonMobil is believed to be poised to outbid Oil Search with an offer that is about 10 per cent higher. ExxonMobil – which is Oil Search’s partner in the Papua New Guinea LNG project – has not been officially confirmed as the rival suitor for InterOil.

CORPORATES
OIL SEARCH LIMITED – ASX OSH, INTEROIL CORPORATION, EXXONMOBIL CORPORATION, TOTAL SA, INSTITUTIONAL SHAREHOLDER SERVICES INCORPORATED

Woodside signs $560m African deal

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Original article by Matt Chambers
The Australian – Page: 22 : 15-Jul-16

Australian-listed Woodside Petroleum will acquire ConocoPhillips’ stake in exploration acreage off the coast of Senegal for $US430m ($A563.4m). The deal includes ConocoPhillips’ 35 per cent stake in the SNE and FAN deepwater oil discoveries. Woodside has estimated that the SNE discovery could potentially yield about 560 million barrels of oil. The listed FAR is a partner in the Senegal joint venture, which is operated by UK-based Cairn Energy.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CONOCOPHILLIPS, FAR LIMITED – ASX FAR, CAIRN ENERGY PLC, ALLAN GRAY AUSTRALIA PTY LTD, OIL SEARCH LIMITED – ASX OSH, DEUTSCHE BANK AG

Fate of bill to be played out by the numbers

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Original article by Rachel Baxendale
The Australian – Page: 4 : 15-Jul-16

The reintroduction of legislation to reinstate the Australian Building & Construction Commission will be one of the Federal Government’s priorities when parliament resumes. However, at best the Coalition is likely to have 79 seats in the lower house and 29 in the Senate, which means it would need the support of at least five crossbenchers if the ABCC bill is put before a joint sitting of parliament.

CORPORATES
AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, NICK XENOPHON TEAM, ONE NATION PARTY

Concern rises over proposed super ceiling

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Original article by Sally Patten, Joanna Mather
The Australian Financial Review – Page: 4 : 15-Jul-16

The Australian Institute of Superannuation Trustees has warned that the Federal Government’s proposed lifetime cap on non-concessional superannuation contributions could be difficult and costly for the industry to implement. It has suggested that capping annual contributions at $A50,000 would be easier for super funds to administer. The AIST has also expressed concern about the impact that reducing the cap on pre-tax contributions would have on older super fund members.

CORPORATES
AUSTRALIAN INSTITUTE OF SUPERANNUATION TRUSTEES, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, FINANCIAL SERVICES COUNCIL, AUSTRALIANSUPER PTY LTD, THE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED, INDUSTRY SUPER AUSTRALIA PTY LTD, SAVE OUR SUPER

BHP set to miss iron ore target as tough year continues

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Original article by Peter Ker
The Australian Financial Review – Page: 15 & 20 : 15-Jul-16

In April 2016, BHP Billiton scaled back its forecast for iron ore shipments from Western Australia in 2015-16 to 260 million tonnes, compared with original guidance of 270 million. However, BHP may have failed to achieve its revised target. Iron ore shipments from Port Hedland for the financial year totalled 454.2 million tonnes, with rival producers estimated to have accounted for about 196 million tonnes. This would suggest that BHP’s share of iron ore shipments was around 258 million tonnes.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, ATLAS IRON LIMITED – ASX AGO, MINERAL RESOURCES LIMITED – ASX MIN, UBS HOLDINGS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, SAMARCO MINERACAO SA, RIO TINTO LIMITED – ASX RIO

Jobless rate edges up and fewer hours worked

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Original article by Jacob Greber
The Australian Financial Review – Page: 6 : 15-Jul-16

Data from the Australian Bureau of Statistics shows that the nation’s unemployment rate rose from 5.7 per cent to 5.8 per cent in June 2016. Some 38,400 full-time jobs were created during the month, although this was offset by the loss of part-time positions, resulting in a net gain of almost 8,000 jobs. ANZ Bank economist Felicity Emmett says the low jobs growth and low inflation will most likely prompt the Reserve Bank to reduce the cash rate in August.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD, JP MORGAN AUSTRALIA LIMITED, WESTPAC BANKING CORPORATION – ASX WBC