Author: roymorgansocial

Netflix now in over 1 in 10 homes reaching 2.63 million Australians aged 14 and over

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

A Roy Morgan Single Source survey has found that the number of Australian homes with a Netflix subscription rose by 10.5 per cent in September 2015 to 968,000. Some 2.63 million Australians aged 14+ now live in a home with a Netflix subscription, which is 409,000 more than in August. The survey also shows that 19.8 per cent of Young Couple households are subscribed to Netflix, just ahead of 18.9 per cent of Young Singles and 17.8 per cent of Young Parents. However just 1.5 per cent of Older Households have subscribed to Netflix. Meanwhile, Roy Morgan’s Helix Personas tool shows that Metrotech households are the most likely to have subscribed to Netflix (14.4 per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED, NETFLIX INCORPORATED, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, TPG TELECOM LIMITED – ASX TPM, IINET LIMITED

Fix the ‘pain points’ for travellers, Joyce urges the government

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Original article by Jamie Freed
The Australian Financial Review – Page: 37 : 15-Oct-15

Qantas CEO Alan Joyce has called on the Australian Government to reduce the cost of multi-year entry visas which are about to be made available to Chinese travellers. The visa will cost $A1,000, while Chinese nationals pay just $A30 for a similar visa to Singapore. Joyce has also proposed reducing queues at customs and immigration at Australian airports.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, AIRASIA X SDN BHD, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, NATIONAL PRESS CLUB (AUSTRALIA)

Don’t trust the jobs data, says ex-chief statistician

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 15-Oct-15

Australian Bureau of Statistics (ABS) veteran Bill McLennan has questioned the validity of the agency’s current methodology for compiling the monthly labour market survey. The ABS changed its methodology in 2014, but McLennan says the labour market data has little value because the old and new systems should have operated in tandem for a while to confirm the accuracy of the new system. The ABS’s David Kalisch is confident that there are no problems with the jobs data produced by the agency.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Optus repeats Netflix offer

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Original article by David Ramli
The Australian Financial Review – Page: 3 : 15-Oct-15

US-based subscription video-on-demand provider Netflix has renewed its alliance with Singtel-Optus. The Australian telco will bundle a six-month Netflix subscription with some of its broadband packages from November 2015 until the end of January 2016. Optus is also expected to offer a Netflix subscription to new mobile customers. Vicki Brady of Optus notes that broadband traffic on its fixed-line network has risen by 50 per cent since April.

CORPORATES
NETFLIX INCORPORATED, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, TPG TELECOM LIMITED – ASX TPM, IINET LIMITED, M2 GROUP LIMITED – ASX MTU, VOCUS COMMUNICATIONS LIMITED – ASX VOC, VODAFONE AUSTRALIA LIMITED, CRICKET AUSTRALIA, SINGAPORE TELECOMMUNICATIONS LIMITED

1000 crimes on building sites

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Original article by Elizabeth Colman
The Australian – Page: 1 & 6 : 15-Oct-15

Fair Work Building & Construction’s 2015 annual report highlights the Australian construction industry’s lack of compliance with industrial relations laws. The report shows that Construction, Forestry, Mining & ­Energy Union officials were responsible for most of the 948 breaches of workplace laws that were investigated by the Fair Work Building ­Industry Inspectorate in 2014-15. The complaints investigated by the agency included coercion, unlawful industrial action, and breach of laws governing freedom of association and right of entry.

CORPORATES
FAIR WORK BUILDING AND CONSTRUCTION, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIA. OFFICE OF THE FAIR WORK BUILDING INDUSTRY INSPECTORATE, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN LABOR PARTY, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION

Rinehart, Wright win legal battle against Rio Tinto

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Original article by Jonathan Barrett, Marianna Papadakis
The Australian Financial Review – Page: 10 : 15-Oct-15

The High Court of Australia has ruled in favour of Hancock Prospecting and Wright Prospecting in a case against Rio Tinto over some $A130 million in royalties. Lawyers for the litigants argued successfully that Rio Tinto owed royalties to Hancock Prospecting and Wright Prospecting, as the mining giant still controlled the mineral tenements and exploration licences in Western Australia’s Pilbara region.

CORPORATES
HANCOCK PROSPECTING PTY LTD, WRIGHT PROSPECTING PTY LTD, RIO TINTO LIMITED – ASX RIO, SUPREME COURT OF WESTERN AUSTRALIA

PM deflects barbs over tax haven

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Original article by Phillip Coorey
The Australian Financial Review – Page: 11 : 15-Oct-15

Prime Minister Malcolm Turnbull has been accused by the Australian Labor Party of having investments in companies registered in the Cayman Islands. Labor senator Sam Dastyari said on 14 October 2015 that it is inappropriate for Turnbull to have investments in a tax haven. In response to Dastyari’s accusations, Turnbull said his investments were made in accordance with the ministerial code of conduct.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Westpac to stick with dividend lift

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Original article by James Eyers
The Australian Financial Review – Page: 27 & 30 : 15-Oct-15

Westpac’s unaudited preliminary financial accounts for 2014-15 show that it has posted a full-year cash profit of $A7.82bn, which is three per cent higher than previously. Investors will receive a fully franked final dividend of $A0.94 per share, compared with $A0.92 in 2013-14, while Westpac also intends to pay a higher dividend in 2015-16. Westpac shares have been placed in a trading halt until 19 October 2015 due to the group’s $A3.5bn capital raising.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, MORGAN STANLEY AUSTRALIA LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, MOODY’S INVESTORS SERVICE INCORPORATED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Investors in the pink as Baby Bunting shares surge up

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Original article by Sue Mitchell
The Australian Financial Review – Page: 27 & 38 : 15-Oct-15

Shares in Baby Bunting Group reached an intra-day high of $A2.02 on 14 October 2015, with the stock ending its first day of trading at $A1.86. The retailer’s shares were issued at $A1.40 apiece in a $A52m IPO which received strong support from investors. Baby Bunting expects sales to rise by 21 per cent to $A218.5m in 2015-16, while it aims to aggressively expand its network of stores over the next five years.

CORPORATES
BABY BUNTING GROUP LIMITED – ASX BBN, TDM ASSET MANAGEMENT PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, MORGANS FINANCIAL LIMITED, BABYCO, MOTHERCARE AUSTRALIA LIMITED, KATHMANDU HOLDINGS LIMITED – ASX KMD, COLES GROUP LIMITED, SHELL COMPANY OF AUSTRALIA LIMITED

Cross-border M&A to climb, law firm says

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 35 : 15-Oct-15

A Baker & McKenzie report shows that the value of cross-border mergers and acquisitions rose by 10 per cent to US375bn ($A518bn) in the September 2015 quarter. However, the number of transactions fell by 16 per cent year-on-year. Baker & McKenzie partner David Holland expects an increase in the proportion of M&A deals that are cross-border transactions. Meanwhile, data from Dealogic shows that some $US88.9bn worth of M&A deals involving Australian companies have been announced so far in 2015.

CORPORATES
BAKER AND McKENZIE, DEALOGIC (AUSTRALIA) PTY LTD, TOLL HOLDINGS LIMITED, ASCIANO LIMITED – ASX AIO, VEDA GROUP LIMITED – ASX VED, DELL COMPUTER CORPORATION, EMC CORPORATION, ANHEUSER-BUSCH INBEV SA/NV, SABMILLER PLC, HEALTHSCOPE LIMITED – ASX HSO, MYOB GROUP LIMITED – ASX MYO, BANK OF AMERICA AUSTRALIA LIMITED, MERRILL LYNCH (AUSTRALIA) PTY LTD