Author: roymorgansocial

Fresh trumps frozen for Australia’s veggie-eaters

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 27-Nov-15

A Roy Morgan Single Source survey has found that 87 per cent of Australians aged 14+ ate fresh, frozen and/or canned vegetables at least once in an average seven days in the year to June 2015. The survey also shows that 83 per cent of Australians ate fresh vegetables during the 12-month period, compared with 81 per cent in the previous 12 months. The proportion of Australians eating frozen vegetables was unchanged at 50 per cent, while the proportion who eat canned vegetables has risen from 17 per cent to 18 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED

League secures $1.8bn TV deal

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Original article by Darren DavidsonJake Mitchell
The Australian – Page: 21 : 27-Nov-15

The National Rugby League has finalised a revised five-year TV and digital broadcasting rights deal. News Corp Australia will pay $A1bn for pay-TV rights via its Fox Sports subsidiary. This includes about $A35m per year for Saturday night matches that were initially awarded to Nine Entertainment Company earlier in 2015. Nine in turn will pay $A625m over five years for free-to-air broadcasting rights, while Telstra has secured digital subscription rights for $A175m.

CORPORATES
NATIONAL RUGBY LEAGUENEWS CORP AUSTRALIA PTY LTDNEWS CORPORATION – ASX NWSFOX SPORTS AUSTRALIA PTY LTDNINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NECTELSTRA CORPORATION LIMITED – ASX TLSSINGTEL OPTUS PTY LTDAUSTRALIAN FOOTBALL LEAGUEENGLISH PREMIER LEAGUE

ACCC rejects Brookfield’s Asciano plan

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 & 18 : 27-Nov-15

Brookfield Infrastructure Partners will consider structural undertakings in order to gain regulatory approval for its takeover of Asciano, after the Australian Competition & Consumer Commission rejected its behavioural undertakings. Brookfield owns a 5,500km freight rail network in Western Australia and the Dalrymple Bay Coal Terminal in Queensland, which are both used by Asciano-owned rail freight group Pacific National. A consortium headed by Qube Holdings is also bidding for Asciano.

CORPORATES
ASCIANO LIMITED – ASX AIOBROOKFIELD INFRASTRUCTURE PARTNERS LPPACIFIC NATIONAL PTY LTDDALRYMPLE BAY COAL TERMINAL PTY LTDAUSTRALIAN COMPETITION AND CONSUMER COMMISSIONQUBE HOLDINGS LIMITED – ASX QUB

IOOF feels heat from shareholders at annual meeting

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Original article by Sarah Danckert
The Australian Financial Review – Page: 13 & 17 : 27-Nov-15

The corporate governance and disclosure practices of IOOF came under scrutiny at the financial services group’s 2015 annual meeting. Shareholders questioned whether IOOF undertook sufficient due diligence on the 2008 acquisition of Australian Wealth Management. IOOF has since been embroiled in a scandal which includes allegations of insider trading and front running. Investors endorsed IOOF’s remuneration report and the issuance of performance rights to MD Chris Kelaher.

CORPORATES
IOOF HOLDINGS LIMITED – ASX IFLAUSTRALIAN WEALTH MANAGEMENT LIMITEDAUSTRALIAN SECURITIES AND INVESTMENTS COMMISSIONPRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTDAUSTRALIAN LABOR PARTYFAIRFAX MEDIA LIMITED – ASX FXJ

Noble ousts ResGen board

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Original article by Paul Garvey
The Australian – Page: 20 : 27-Nov-15

Shares in Australian-listed Resource Generation shed 14.3 per cent on 26 November 2015, after Noble Group narrowly succeeded in removing the entire board and appointing its own nominees at the AGM. Some 51 per cent of votes cast were in favour of the board spill, which followed a dispute between Resource Generation and its major shareholders regarding funding arrangements for the Boikarabelo coal project in South Africa.

CORPORATES
RESOURCE GENERATION LIMITED – ASX RESNOBLE GROUP LIMITEDSHINTO TORIICADOGAN INVESTMENT HOLDINGALTIUS INVESTMENT HOLDINGSAUSTRALIA. TAKEOVERS PANELHAB AND JPR PRIVEE

Women’s superannuation growing faster than men’s but big gap remains

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 26-Nov-15

A Roy Morgan Research Single Source survey has found that Australian women aged 14+ with superannuation had an average balance of $A129,800 in the year to October 2015. This is equivalent to 66.7 per cent of the male average balance of $A194,70, although the gap was just 60.2 per cent in the year to October 2011. The growth rate in the average super balances over this period was 30.6 per cent for women and 18 per cent for men. Meanwhile, the average level of satisfaction with their super fund’s performance among women is 57.9 per cent, compared with 59.4 per cent for men.

CORPORATES
ROY MORGAN RESEARCH LIMITEDAMP SUPERANNUATION LIMITEDHOST-PLUSREST SUPER PTY LTDONEPATH AUSTRALIA LIMITEDMLC LIMITED

BHP denies UN claims of disaster’s toxic trail

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Original article by Amanda Saunders
The Australian Financial Review – Page: 15 : 27-Nov-15

The United Nations’ Office of the High Commissioner for Human Rights has expressed concern that the tailings dam disaster at the Samarco iron ore project in Brazil has released toxic waste into the River Doce. However, the project’s joint owner BHP Billiton says the tailings are non-toxic and chemically stable, while Samarco has indicated that tests have proven that the waste will not affect human health.

CORPORATES
BHP BILLITON LIMITED – ASX BHPUNITED NATIONS. HUMAN RIGHTS COMMISSIONSAMARCO MINERACAO SAVALE SABRAZILIAN GEOLOGICAL SERVICE

Rio says coal slump to last at least five years

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Original article by Amanda Saunders
The Australian Financial Review – Page: 15 : 27-Nov-15

There is unlikely to be a rebound in the price of thermal and metallurgical coal for some time, according to Rio Tinto’s Jean-Sebastien Jacques. The head of the group’s coal and copper division remains upbeat about the long-term outlook for coal, arguing that it will be a source of power generation for many years. Jacques expects the copper price to improve within 2-3 years, but he does not anticipate an upturn in the thermal coal price for 5-7 years.

CORPORATES
RIO TINTO LIMITED – ASX RIOBHP BILLITON LIMITED – ASX BHPNEW HOPE CORPORATION LIMITED – ASX NHC

Capex buried in wake of mining crash

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Original article by Jacob Greber
The Australian Financial Review – Page: 4 : 27-Nov-15

Data from the Australian Bureau of Statistics shows that the business sector’s overall capital expenditure fell by a higher-than-expected 9.2 per cent in the September 2015 quarter. Capex by mining companies fell by 10.4 per cent during the period, while non-mining investment was 8.2 per cent lower. However, capex in the manufacturing sector increased by 6.9 per cent. Total capex for Australian companies in 2015-16 is expected to top $A120bn, which is 21 per cent lower than previously.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICSMORGAN STANLEY AUSTRALIA LIMITEDRESERVE BANK OF AUSTRALIABHP BILLITON LIMITED – ASX BHPFORTESCUE METALS GROUP LIMITED – ASX FMGCHEVRON CORPORATIONBARCLAYS BANK PLC

Limit super breaks to 70pc of pay

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Original article by Phillip CooreyJoanna Mather
The Australian Financial Review – Page: 1 & 6 : 27-Nov-15

Federal Treasurer Scott Morrison will deliver a speech to a superannuation industry conference on 27 November 2015. He will stress that the purpose of super is to generate retirement income. The Australian Government will therefore introduce changes that will prevent wealthy investors from using super for wealth creation. New measures will include restrictions on the use of super tax concessions.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINETAUSTRALIA. DEPT OF THE TREASURYMERCER INVESTMENTS PTY LTDGRATTAN INSTITUTESMSF OWNERS’ ALLIANCE LIMITEDRICE WARNER ACTUARIES PTY LTDTHE ASSOCIATION OF SUPERANNUATION FUNDS OF AUSTRALIA LIMITED