Author: roymorgansocial

Internet banking growth and satisfaction outstrips other channels

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Oct-15

A Roy Morgan Single Source survey has found that 62.2 per cent of Australians aged 14+ used the internet (via website or mobile) to deal with their bank in an average four-week period during the six months to August 2015. This compares with 58.6 per cent in the six months to August 2013. Meanwhile, the proportion of bank customers using branches in an average four-week period has fallen from 35.5 per cent to 32.3 per cent over the last two years. The only area of growth has been mobile banking, which has increased from 26.2 per cent of Australians to 33.6 per cent. The satisfaction level of internet banking is now 90.2 per cent, compared with 88.4 per cent for branches.

CORPORATES
ROY MORGAN RESEARCH LIMITED, SUNCORP BANK, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Households ‘slow’ in linking TVs to net

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Original article by Michael Bodey
The Australian – Page: 23 : 12-Oct-15

Nine Entertainment Company’s Peter Wiltshire believes that only about one per cent of Australians are using their Smart TV to access the internet. Along with the low-take-up rate of Hybrid Broadcast Broadband TV – which was officially launched in Australia in mid-2014 – Wiltshire notes that the online catch-up services of free-to-air networks are not competing effectively with subscriber video-on-demand providers such as Netflix.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, APPLE INCORPORATED, COMMERCIAL RADIO AUSTRALIA LIMITED, FOXTEL MANAGEMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD

7-Eleven operators to face court amid wage scandal

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Original article by Adele Ferguson, Sarah Danckert
The Age – Page: 3 : 12-Oct-15

The Fair Work Ombudsman will prosecute Yiran Gu and Haiyao Xu over allegations that they underpaid staff at a 7-Eleven store in the Melbourne suburb of Parkville. They potentially face fines of up to $10,200 for every breach of workplace laws, while their private company could be fined up to $A51,000 for each offence. The Parkville store and 19 other 7-Eleven outlets were raided by the FWO in September 2014. Gu and Xu are also accused of falsifying payroll records.

CORPORATES
7-ELEVEN STORES PTY LTD, AUSTRALIA. FAIR WORK OMBUDSMAN, HIYI PTY LTD

PM explores radical road, rail funding

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Original article by Jacob Greber
The Australian Financial Review – Page: 1 & 4 : 12-Oct-15

Prime Minister Malcolm Turnbull has signalled that the Australian Government is open to "innovative" options for funding infrastructure projects. These are believed to include capitalising on rising property values by channelling a proportion of revenue from land taxes into securities that would be sold to investors. The Australian Labor Party recently revealed plans to establish a $A10bn fund to finance infrastructure projects.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, INFRASTRUCTURE AUSTRALIA, CURTIN UNIVERSITY OF TECHNOLOGY, AUSTRALIAN GREENS

Ex-AWB head Flugge finally before court

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Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 12-Oct-15

The Supreme Court of Victoria will begin hearing the case against former AWB chairman Trevor Flugge on 12 October 2015. The civil charges of breaching his duties as a director relate to the payment of $US225m in kickbacks to the regime of former Iraqi president Saddam Hussein between 1999 and 2004. The Australian Securities & Investments Commission launched civil proceedings against Flugge and other AWB executives after abandoning criminal action.

CORPORATES
AWB LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIA. INQUIRY INTO CERTAIN AUSTRALIAN COMPANIES IN RELATION TO THE UN OIL-FOR-FOOD PROGRAMME, SUPREME COURT OF NEW SOUTH WALES

Publishers muscle-up with new bans on users of ad-blocking software

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Original article by Darren Davidson
The Australian – Page: 23 : 12-Oct-15

Nine Entertainment Company has moved to protect its advertising revenue by preventing people who use ad-blocking software from viewing video content on its websites. "The Australian" is also examining options to combat the use of ad-blocking software, which has become more popular since Apple’s recent decision to allow its use on the iPad and iPhone. It is estimated that the software could slash online advertising revenue by around $A1.4bn in 2016.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, APPLE INCORPORATED, MI9, NINEMSN PTY LTD, DAILY MAIL AUSTRALIA, RATECITY PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, CITIGROUP PTY LTD

Bauer takes a Nova approach to sector entry

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Original article by Dominic White, Max Mason
The Australian Financial Review – Page: 26 : 12-Oct-15

Germany-based Bauer Media Group is said to still be keen to acquire commercial radio stations in Australia, after being rebuffed by Nova Entertainment in 2014. Bauer is believed to have made an indicative offer of about $A450m to acquire Nova, which is owned by Lachlan Murdoch. Bauer paid $A525m for ACP in 2012, and has since discontinued a number of print magazines.

CORPORATES
BAUER MEDIA KG, NOVA ENTERTAINMENT PTY LTD, ILLYRIA PTY LTD, ACP MAGAZINES LIMITED, DAILY MAIL AND GENERAL TRUST PLC, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, SBS DISCOVERY RADIO, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Cutting costs will ‘only go so far’

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Original article by Max Mason
The Australian Financial Review – Page: 27 : 12-Oct-15

Southern Cross Media CEO Grant Blackley says it is important for media companies to invest in on-air talent, as well as marketing and promotion. He has defended the group’s move to recruit Rove McManus to host 2Day FM’s breakfast program, arguing that increased ratings result in higher advertising revenue. Blackley adds that cost cuts are only a short-term solution for media companies.

CORPORATES
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, 2DAY FM AUSTRALIA PTY LTD

ANZ signals push into NSW home lending

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Original article by Jonathan Shapiro, James Eyers
The Australian Financial Review – Page: 1 & 11 : 12-Oct-15

Increasing its share of the home loan market in New South Wales will be a priority for the ANZ Bank under new CEO Shayne Elliott, who will succeed Mike Smith in early 2016. Elliott also says the growing shift to the use of mobile devices for banking represents both a challenge and an opportunity for the banking sector in terms of engaging with customers. Meanwhile, ANZ chairman David Gonski says the group will review its Asian strategy under Elliott.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, ST GEORGE BANK LIMITED, PT PANIN BANK, AMBANK BERHAD, BANK OF TIANJIN COMPANY LIMITED, SHANGHAI RURAL COMMERCIAL BANK, MACQUARIE GROUP LIMITED – ASX MQG, ESANDA FINANCE CORPORATION LIMITED

Australian Roy Morgan Business Confidence boosted in September with change of PM but remains below average

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Oct-15

A Roy Morgan Business Single Source survey has found that Australian business confidence rose by 9.9 per cent to 112.8 in September 2015. This improvement in confidence for Australia’s economic outlook was generally expected as a result of the change in Prime Minister. However, business confidence still remains below the five-year average (116.8) and the level of 12 months ago (122.9). The increase in Roy Morgan Business Confidence in September was a result of improvements across all components of the index. The strongest gains were in how businesses feel about the economy over the next 12 months and the next five years, and the encouragement this would give them to invest in their business.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET