Forget China, bigger risk for local shares on the horizon

Original article by Vanessa Desloires
The Australian Financial Review – Page: 35 : 17-Nov-15

Hasan Tevfik of Credit Suisse warns that a rise in the global inflation rate would have a bigger impact on Australian sharemarket investors that an interest rate rise in the US or an economic slowdown in China. Credit Suisse notes that global bond yields would most likely rise if there is a spike in the US inflation rate, while Stephen Walters of JP Morgan expects the global inflation rate to rise after falling to 1.4 per cent in September 2015.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, JP MORGAN AUSTRALIA LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, CAPITAL ECONOMICS LIMITED

Tatts Group urged to seek premium

Original article by James Thomson, Jessica Gardner
The Australian Financial Review – Page: 13 & 18 : 16-Nov-15

Tabcorp Holdings and Tatts Group have both declined to comment on reports that they have held merger discussions. Shares in Tatts Group closed at $A3.92 on 13 November 2015, although Sandon Capital estimates that the stock could be worth around $A5.50 if Tatts were broken up. Tabcorp is seen as a potential buyer of Tatts’ wagering division, but some fund managers favour a merger between the two groups.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, SANDON CAPITAL INVESTMENTS LIMITED – ASX SNC, PERPETUAL LIMITED – ASX PPT, UNITAB LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UBS HOLDINGS PTY LTD, ONTARIO TEACHERS’ PENSION PLAN, NSW LOTTERIES, WILLIAM HILL AUSTRALIA PTY LTD, LADBROKES GROUP PLC

BHP under pressure over Brazil disaster

Original article by Sally Rose, Steve Yolen
The Australian Financial Review – Page: 13 & 18 : 16-Nov-15

BHP Billiton’s Australian-listed shares fell by 10.8 per cent in the week ended 13 November 2015, extending the stock’s losses since 1 July to around 25 per cent. The latest sell-off was prompted by the tailings dam disaster at the Samarco iron ore project in Brazil. Principles for Responsible Investment MD Fiona Reynolds argues that Samarco joint venture partners BHP and Vale should respond to the disaster by linking their executive remuneration to the safety records of their mining operations.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, VALE SA, SAMARCO MINERACAO SA, PRINCIPLES FOR RESPONSIBLE INVESTMENT, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, AUSTRALIANSUPER PTY LTD, STANDARD AND POOR’S ASX 200 INDEX

Deal sought for NUW ‘disaster’

Original article by Ewin Hannan
The Australian Financial Review – Page: 6 : 16-Nov-15

Tim Kennedy, the national secretary of the National Union of Workers, has indicated that the union’s national body favours joint control of its troubled New South Wales branch rather than a full takeover. The Royal Commission into Trade Union Governance & Corruption has heard allegations of widespread fraud at the state branch of the union, including misuse of union credit cards. Former state secretary Derrick Belan, his brother and his niece have been implicated in the scandal.

CORPORATES
NATIONAL UNION OF WORKERS, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, ACTU

Stocks set to tumble after French terror

Original article by Mark Mulligan
The Australian Financial Review – Page: 21 : 16-Nov-15

Global sharemarkets are expected to be heavily sold down on 16 November 2015, as investors opt for lower-risk assets in the wake of the terrorist attacks in Paris. Australia’s benchmark S&P/ASX 200 closed at 5,051.25 on 13 November, and futures markets had already anticipated a fall below the 5,000-point level prior to the terrorist attacks. AMP Capital’s Shane Oliver does expect any downturn in the Australian market to be sustained, although he says resources stocks are likely to fall further.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, BLOOMBERG COMMODITY INDEX, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PEAK ASSET MANAGEMENT PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD, HASSIUM ASSET MANAGEMENT, CAC 40 INDEX, EURO STOXX 50 INDEX, RESERVE BANK OF AUSTRALIA, BLOOMBERG LP

Ausbil’s Xiradis sees value in bank stocks

Original article by Philip Baker, Vesna Poljak
The Australian Financial Review – Page: 22 : 16-Nov-15

Ausbil Investment Management boasts some $A10bn worth of funds under management, and its Active Equity Fund has achieved an annual return of 11.1 per cent since inception. Ausbil co-founder Paul Xiradis is upbeat about Australia’s four major banks, as well as other blue-chip stocks such as Woolworths and BHP Billiton. He also likes QBE Insurance Group and BlueScope Steel, and believes that Woolworths should exit the Masters hardware business.

CORPORATES
AUSBIL INVESTMENT MANAGEMENT LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WOOLWORTHS LIMITED – ASX WOW, BHP BILLITON LIMITED – ASX BHP, TELSTRA CORPORATION LIMITED – ASX TLS, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, QBE INSURANCE GROUP LIMITED – ASX QBE, BLUESCOPE STEEL LIMITED – ASX BSL, WESFARMERS LIMITED – ASX WES, ALDI STORES SUPERMARKETS PTY LTD, COSTCO WHOLESALE AUSTRALIA PTY LTD, TREASURY WINE ESTATES LIMITED – ASX TWE, CSL LIMITED – ASX CSL, RAMSAY HEALTH CARE LIMITED – ASX RHC, CROWN RESORTS LIMITED – ASX CWN, WESTPAC INVESTMENT MANAGEMENT PTY LTD, BUNNINGS GROUP LIMITED

Rinehart adds $30m station for Wagyu beef

Original article by Matthew Cranston
The Australian Financial Review – Page: 4 : 16-Nov-15

Australian businesswoman Gina Rinehart has paid $A30m for the 10,000-hectare Glencoe Station in New South Wales. The acquisition will allow Rinehart to further expand her Wagyu beef business, after she paid $A25m for two cattle properties and a Wagyu herd in 2014. A number of other Australian business leaders have expanded into the agricultural sector in recent years.

CORPORATES
HANCOCK PROSPECTING PTY LTD, MEAT AND LIVESTOCK AUSTRALIA LIMITED, COLLIERS INTERNATIONAL HOLDINGS (AUSTRALIA) LIMITED, MCG GROUP PTY LTD, HARTLEY GRAZING COMPANY PTY LTD, MILNE AGRIGROUP PTY LTD, LIVERINGA STATION BEEF PTY LTD

Marks ushers Nine into new viewing era

Original article by Max Mason
The Australian Financial Review – Page: 30 : 16-Nov-15

Nine Entertainment Company is a "content business" rather than a traditional TV broadcaster, according to new CEO Hugh Marks. He has succeeded David Gyngell at a time when TV networks face growing competition from video-on-demand providers and a shift to multi-platform viewing. Nine has flagged a greater focus on local content in the next three years, after terminating a content deal with US-based Warner Bros, while it will begin live streaming of its TV channels in 2016.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, WARNER BROS, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NETFLIX INCORPORATED, GOOGLE INCORPORATED, GROUPM COMMUNICATIONS PTY LTD, SINGTEL OPTUS PTY LTD, ENGLISH PREMIER LEAGUE, NATIONAL RUGBY LEAGUE, SOUTHERN STAR CORPORATION, ENDEMOL ENTERTAINMENT HOLDING NV, GENERAL ELECTRIC COMPANY, MEDIA VENTURE PARTNERS PTY LTD, RGM ARTISTS PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY

Fairfax faces FWC over role ‘made redundant during maternity leave’

Original article by Jake Mitchell
The Australian – Page: 26 : 16-Nov-15

Fairfax Media has declined to comment on allegations that it retrenched consumer marketing director Vicki Aristidopoulos shortly before she was due to return from maternity leave. Aristidopoulos has lodged a general protections application with the Fair Work Commission, claiming that she was not consulted by Fairfax prior to being offered a redundancy package in October 2015. Her redundancy followed a restructuring at Fairfax.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, AUSTRALIA. FAIR WORK COMMISSION, FINANCIAL REVIEW GROUP, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUDIT BUREAU OF CIRCULATIONS

Nine and News try to break impasse

Original article by Darren Davidson, Jake Mitchell
The Australian – Page: 26 : 16-Nov-15

A compromise between Nine Entertainment Company and News Corporation regarding National Rugby League (NRL) coverage is expected to take some time. The two media groups have proposed that Nine and News Corp-owned Fox Sports each broadcast one NRL match on Friday nights, while Nine would relinquish the Saturday night match, which is currently broadcast by Fox Sports. Nine recently secured NRL broadcasting rights from 2018.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOX SPORTS AUSTRALIA PTY LTD, AUSTRALIAN FOOTBALL LEAGUE