Legislative and regulatory settings are out of kilter: Williams

Original article by Max Mason
The Age – Page: 15 : 10-Mar-16

Copyright Agency chairman Kim Williams has told the RadComms conference that changes to the regulation of the media sector are needed to reflect the growth of technology companies. He noted that the Australian Communications & Media Authority currently has limited powers to regulate digital media companies such as Apple, Google, Microsoft, Amazon, Facebook and Netflix.

CORPORATES
COPYRIGHT AGENCY LIMITED, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, APPLE INCORPORATED, GOOGLE INCORPORATED, MICROSOFT CORPORATION, AMAZON.COM INCORPORATED, FACEBOOK INCORPORATED, NETFLIX INCORPORATED, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Gender parity still lacking in Australia’s workforce

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Mar-16

A Roy Morgan Single Source survey has found that 54.5 per cent of Australian women were employed in the year to January 2016, compared with 52.5 per cent in the year to January 2006. The proportion of women employed part-time has risen from 25.7 per cent to 26.2 per cent over this period, and the proportion of women employed full-time has increased from 26.8 per cent to 28.3 per cent. In contrast, the proportion of employed men has fallen from 66.8 per cent to 65.6 per cent, driven by a decrease (from 54.6 per cent to 51.0 per cent) in those working full-time. Meanwhile, 6.5 per cent of Australian men and 3.1 per cent of women work full-time in jobs that fall under the "Professionals" category, while 12.2 per cent of men and 6.5 per cent of women hold managerial roles. The survey also shows that women tend to earn less than their male colleagues, except in lower salary echelons.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Flying cross: most of each airline’s website visitors also check out one (or more) of their competitors

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Mar-16

A Roy Morgan Single Source survey has found that 4.23 million Australians aged 14+ (22 per cent) visited one or more airline’s websites in an average four weeks during the year to December 2015. Some 2.73 million visit the Qantas website in an average four-week period, ahead of Jetstar (1.93m), Virgin Australia (1.87m) and Tiger (572,000). Visitors to the Qantas website are the most loyal: 45 per cent do not visit any other airline’s website, while 28 per cent will check out one other airline’s website and eight per cent visit all four. In contrast, just 19 per cent of visitors to the Tiger website do not visit any other airline’s website, while 38 per cent also check out every single one of its domestic competitors.

CORPORATES
ROY MORGAN RESEARCH CENTRE PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, JETSTAR AIRLINES PTY LTD, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, TIGER AIRWAYS AUSTRALIA PTY LTD

Roy Morgan Customer Satisfaction Awards January 2016 Winners

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Mar-16

Roy Morgan Research has announced the January 2016 winners of its monthly Customer Satisfaction Awards in Australia. The awards cover the finance, retail, telecommunications, travel and tourism, automotive and utilities sectors, and are based on data from the Roy Morgan Consumer Single Source survey. The January winners include P&N Bank (Bank of the Month), Muffin Break (Coffee Shop of the Month), Internode (Home Broadband Service Provider of the Month), Qantas (Domestic Airline of the Month) and Lumo Energy (Gas Provider of the Month).

CORPORATES
ROY MORGAN RESEARCH LIMITED, P&N BANK, MUFFIN BREAK, INTERNODE SYSTEMS PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, LUMO ENERGY AUSTRALIA PTY LTD, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NEWCASTLE PERMANENT BUILDING SOCIETY LIMITED, RACT INSURANCE PTY LTD, HEALTH INSURANCE FUND, INSURANCELINE HOLDINGS PTY LTD, ASGARD PTY LTD, CATHOLIC SUPERANNUATION AND RETIREMENT FUND, SUPER CHEAP AUTO, ROCKMANS STORES LIMITED, MYER HOLDINGS LIMITED – ASX MYR, HARRIS SCARFE HOLDINGS LIMITED, THE REJECT SHOP LIMITED – ASX TRS, THE GOOD GUYS, HOME TIMBER AND HARDWARE, DISCOUNT DRUGSTORES PTY LTD, SUBWAY SANDWICHES PTY LTD, DAN MURPHY’S, SPENDLESS SHOES PTY LTD, REBEL SPORT LIMITED, ALDI STORES SUPERMARKETS PTY LTD, SOUTHERN PHONE COMPANY LIMITED, APPLE PTY LTD, EMIRATES AIRLINES, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, RED ENERGY PTY LTD, LEXUS AUSTRALIA

ANZ-Roy Morgan Australian Consumer Confidence bounces to 114.8 (up 3.5pts)

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Mar-16

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose 3.1 per cent to 114.8 in the week ended 6 March 2016. This reverses the fall of 2.6 per cent in the previous week, and the four-week moving average is now trending higher. Last week’s news about the strong economic growth numbers, big gains in the equity markets and a strong Australian dollar were positive factors for consumer confidence. The subindex for the "economic outlook in the next 12 months" rose 11.6 per cent, and the subindex for "economic outlook in the next 5 years" rose 8.3 per cent

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

Resources surge offers PM hope of budget boost

Original article by David Uren
The Australian – Page: 1 & 2 : 9-Mar-16

The Australian Government’s Budget bottom line is expected to be boosted by the rebound in commodity prices. Iron ore and crude oil prices have rallied in recent weeks, which may help to offset the $A7bn in forgone government revenue due to the sharp downturn in commodity prices in 2015. The iron ore price has risen above $US60 per tonne in early March, compared with the Government’s revised forecast of just $US39/tonne in its mid-year Budget update in December.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WESTPAC BANKING CORPORATION – ASX WBC, INTERNATIONAL MONETARY FUND, STANDARD AND POOR’S ASX 200 INDEX, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Saxo Bank’s Jakobsen betting on dollar parity

Original article by Vanessa Desloires
The Australian Financial Review – Page: 31 : 9-Mar-16

The Australian dollar reached an eight-month high of $US0.7485 in local trading on 8 March 2016, compared with a peak of $US1.10 in 2011. Steen Jakobsen, the chief economist at Saxo Bank, is upbeat about the outlook for the currency, forecasting that it will eventually reach parity with its US counterpart for the first time since 2011. He expects factors such as financial market volatility and the trend toward negative interest rates to bolster support for the currency.

CORPORATES
SAXO BANK A/S, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD

Firing up: Chevron ready to ship first Gorgon gas cargo to Asia next week

Original article by Andrew Burrell, Paul Garvey
The Australian – Page: 19 & 20 : 9-Mar-16

Production of LNG condensate has commenced at the Gorgon project in Western Australia, and project operator Chevron has advised that exports to customers in Asia will begin in mid-March 2016. It is estimated that the $US54bn ($A72.6bn) project will contribute some $A440bn to national GDP over the next three decades, while the Federal Government will receive about $A69bn in tax revenue from the project. The Gorgon project was beset by delays and cost over-runs.

CORPORATES
CHEVRON CORPORATION, GORGON JOINT VENTURE, EXXONMOBIL CORPORATION, ROYAL DUTCH SHELL PLC, OSAKA GAS COMPANY, TOKYO GAS COMPANY LIMITED, CHUBU ELECTRIC POWER COMPANY INCORPORATED, CHEVRON AUSTRALIA PTY LTD, ACIL ALLEN CONSULTING PTY LTD, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY

ACCC on alert as Fortescue, Vale get cosy

Original article by Matt Chambers, Paul Garvey
The Australian – Page: 19 & 27 : 9-Mar-16

The Australian Competition & Consumer Commission is among the regulators that are likely to scrutinise a proposed deal between Fortescue Metals Group and Vale. The Brazilian group would acquire 5-15 per cent of Fortescue’s shares on-market, while the two groups would establish a blending joint venture to export $US4bn worth of iron ore to China. Christopher LaFemina of Jefferies does not see much advantage for Vale from the deal unless the long-term plan is for it to acquire Fortescue.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, JEFFERIES AND COMPANY, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, CITIGROUP PTY LTD, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Expert called upon to settle REA, Domain fight

Original article by Andrew Jefferson
The Australian – Page: 21 : 9-Mar-16

The legal dispute between Australian-listed REA Group and Fairfax Media-owned Domain will return to court on 21 March 2016, after the case was adjourned on 8 March. The case centres on allegations by REA that an advertising campaign by Domain was misleading and deceptive, by claiming that it boasts the nation’s leading property app. Justice Bernard Murphy proposed that the two parties hire an independent expert to determine which property app has the most listings.

CORPORATES
REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN.COM.AU, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS