Author: roymorgansocial

Free to air squeeze on games

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Original article by Caroline Wilson
The Age – Page: 40 : 9-Jun-16

The Seven Network’s coverage of the Australian Football League will be reduced from 2017 under the new six-year broadcasting deal. Seven will only broadcast three matches in 11 rounds of the home-and-away season, compared with four at present. The Ten Network had hoped to buy the free-to-air rights to these matches from Foxtel, but negotiations have stalled. The pay-TV group is believed to have been reluctant to surrender exclusive coverage of these matches.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIAN FOOTBALL LEAGUE, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, FOX FOOTY CHANNEL, BIG BASH LEAGUE

ANZ-Roy Morgan Australian Consumer Confidence rebounds

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Jun-16

ANZ-Roy Morgan Australian Consumer Confidence rose 3.2 per cent in the week ending 5 June, more than offsetting the 2.2 per cent decline of the previous week. Consumer confidence now stands at 116.8, the highest level since January 2014. The improvement in consumer confidence was likely driven by the solid GDP report released last week. The increase in confidence was broad-based, with consumers’ views of the economic outlook leading the gains. Views towards "economic conditions in the next 12 months" bounced a sharp seven per cent, and views towards "the economy in the next five years" rose 3.5 per cent.

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

Tax cut gain ‘twice cost to the budget’

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Original article by David Crowe
The Australian – Page: 1 & 6 : 8-Jun-16

Research by Chris Murphy of Independent Economics has concluded that the Australian Government’s proposal to progressively reduce the company tax rate will have significant economic benefits. Murphy has estimated that the "consumer benefit" from the tax cuts will be around $A2.39 for every $A1.00 in forgone revenue. Murphy has also rejected suggestions that the tax cuts will boost the after-tax profits of offshore investors.

CORPORATES
INDEPENDENT ECONOMICS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIAN LABOR PARTY, GRATTAN INSTITUTE, THE AUSTRALIA INSTITUTE LIMITED, AUSTRALIAN GREENS, CHAMBER OF COMMERCE AND INDUSTRY OF WESTERN AUSTRALIA (INCORPORATED)

Union bid to torpedo China FTA

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Original article by Joe Kelly
The Australian – Page: 1 & 6 : 8-Jun-16

The Construction, Forestry, Mining & Energy Union and the Electrical Trades Union have launched an advertising campaign that aims to put free trade agreements on the election agenda. The trade deal with China is being targeted by the unions, which want the Australian Labor Party to reconsider its support for the deal if it wins the 2016 election. Meanwhile, Labor has indicated that it will seek to remove so-called "investor state dispute settlement" provisions from Australia’s trade deals with China, Japan and South Korea.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, ELECTRICAL TRADES UNION, AUSTRALIAN LABOR PARTY, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, MIGRATION COUNCIL OF AUSTRALIA, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

PM picks Facebook to run final encounter

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Original article by Jared Owens
The Australian – Page: 7 : 8-Jun-16

Prime Minister Malcolm Turnbull has confirmed that he will participate in an online debate rather than the "people’s forum" in Brisbane that will be broadcast on Sky News on 8 June 2016. The online debate will be streamed live on Facebook and jointly moderated by the social media group and news.com.au. Opposition Leader Bill Shorten will attend the people’s forum.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, FACEBOOK INCORPORATED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, SKY NEWS, BRISBANE BRONCOS LEAGUES CLUB LIMITED

‘Unconscionable’ NAB sued by ASIC over alleged rate rigging

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Original article by James Eyers, Clancy Yeates
The Australian Financial Review – Page: 2 : 8-Jun-16

Opposition Leader Bill Shorten says the latest development in the scandal over manipulation of the bank bill swap rate demonstrates the need for a royal commission into the banking sector. The Australian Securities & Investments Commission will allege in the Federal Court that National Australia Bank manipulated the BBSW in 50 separate transactions from mid-2010 to late-2012. ASIC has previously launched legal action against Westpac and the ANZ Bank.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN LABOR PARTY, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN GREENS, FEDERAL COURT OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Labor plan would blow out deficit

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 8-Jun-16

The Australian Government’s proposal to progressively reduce the company tax rate to 25 per cent is a key element of its 10-year economic growth plan. The Opposition will release its own 10-year economic growth strategy on 8 June 2016, which is expected to include an increase in the Budget deficit over the next four years before a return to surplus within a decade. Labor will also announce policies such as welfare reforms and changes to the national broadband network.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, ESSENTIAL MEDIA COMMUNICATIONS PTY LTD

Ten aims to build on Big Bash success

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Original article by Max Mason
The Age – Page: 20 : 8-Jun-16

Ten Network CEO Paul Anderson is optimistic that ratings for the Big Bash League domestic Twenty20 competition will increase in the 2016-17 season, after growth of 25 per cent in capital city audiences in 2015-16. The national audience rose by 16 per cent. Ten will expand its coverage of the Big Bash League to include live broadcasts of 47 matches. The network’s current broadcasting rights deal is worth $A20m annually over five years, but this cost may rise significantly when the current deal expires in 2018.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, BIG BASH LEAGUE, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, CRICKET AUSTRALIA

Vic Premier slams PM over firefighters

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Original article by Lucille Keen
The Australian Financial Review – Page: 3 : 8-Jun-16

Victorian Premier Daniel Andrews has criticised Prime Minister Malcolm Turnbull for politicising the dispute over a proposed enterprise bargaining agreement for the Country Fire Authority. Turnbull has promised to introduce changes to the Fair Work Act in response to the dispute, but Andrews has questioned whether he is fully informed of the Fair Work Commission’s recommendations concerning the EBA. Opposition Leader Bill Shorten has ruled out any intervention, stressing that it is a state issue.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET, VICTORIA. COUNTRY FIRE AUTHORITY, UNITED FIREFIGHTERS’ UNION OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. FAIR WORK COMMISSION, VICTORIA. EQUAL OPPORTUNITY AND HUMAN RIGHTS COMMISSION

August cut tipped, but central bank headed for a pause

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Original article by Vesna Poljak
The Australian Financial Review – Page: 24 : 8-Jun-16

Inflation data to be released in late July 2016 may influence the Reserve Bank of Australia’s next move on interest rates, after the central bank left the cash rate on hold on 7 June. A survey by Bloomberg shows that most economists expect the cash rate to be 1.5 per cent by the June 2017 quarter. Jamieson Coote Bonds co-founder Charlie Jamieson expects a rate cut in August, adding that it may then opt to keep the cash rate on hold.

CORPORATES
RESERVE BANK OF AUSTRALIA, JAMIESONCOOTEBONDS PTY LTD, BLOOMBERG LP