Author: roymorgansocial

The cult of Australian cosmetics

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Sep-15

A Roy Morgan Single Source survey, which was carried out in the year to June 2015, has found that 6.3 million Australian women 14+ aged (or 64 per cent) buy make-up of some kind in an average six months. Nine of the 10 best-selling brands are foreign-owned. However, Australian brand Nude by Nature is the 10th biggest-selling brand. It is purchased by 314,000 women (or five per cent of total cosmetics buyers) during an average six months. Other best-selling Australian brands include Napoleon (262,000), Natio (255,000) and Nutrimetics (209,000).

CORPORATES
ROY MORGAN RESEARCH LIMITED, NUDE BY NATURE, NAPOLEON COSMETICS PTY LTD, NATIO, NUTRIMETICS INTERNATIONAL (AUSTRALIA) PTY LTD, MAYBELLINE, REVLON AUSTRALIA, L’OREAL AUSTRALIA PTY LTD, COVERGIRL, MAC COSMETICS INCORPORATED, MAX FACTOR INTERNATIONAL, OPI

7-Eleven franchisees chose own pay rates

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Original article by Adele Ferguson, Sarah Danckert, Mikaela Day
The Australian Financial Review – Page: 23 : 25-Sep-15

Key executives of 7-Eleven Stores appeared before a Senate hearing on 24 September 2015. CEO Warren Wilmot revealed that until a few years ago franchisees had been able to pay staff what they deemed appropriate without reference to the minimum wage. He stressed that this system is no longer in place. Meanwhile, 7-Eleven executive Natalie Dalbo said there has been a 16 per cent increase in the wages paid to employees of 536 stores that use the group’s centralised payroll system since a media expose on the wage scandal.

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

Workplace reform ‘must be a priority’

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Original article by Andrew White, Kylar Loussikian
The Australian – Page: 4 : 25-Sep-15

Washington H Soul Pattinson’s executive chairman Robert Millner has urged the Australian Government to pursue workplace reforms. He has identified the penalty rates system and high labour costs in the manufacturing sector as key issues that need to be addressed. Millner has also criticised the number of rostered days off in sectors such as manufacturing, as well the high level of leave entitlements for construction workers.

CORPORATES
WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED – ASX SOL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BRICKWORKS LIMITED – ASX BKW, NEW HOPE CORPORATION LIMITED – ASX NHC, LIBERAL-NATIONAL PARTY OF QUEENSLAND, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA

Peter Warne to take ‘big gig’ at Macquarie

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 17 : 25-Sep-15

Macquarie Group has appointed Peter Warne as chairman. He will assume his new role on 31 March 2016, replacing Kevin McCann. The Australian Shareholders’ Association is concerned that Warne will not be able to devote enough time to Macquarie, because of his many other commitments. Warne is chairman of ALE Property Group and OzForex Group. He also holds directorships at ASX Limited and the New South Wales Treasury Corporation.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, ALE PROPERTY GROUP – ASX LEP, OZFOREX GROUP LIMITED – ASX OFX, ASX LIMITED – ASX ASX, NEW SOUTH WALES TREASURY CORPORATION, MACQUARIE UNIVERSITY, AUSTRALIA. DEPT OF THE TREASURY. OFFICE OF FINANCIAL MANAGEMENT, CADENCE CAPITAL LIMITED – ASX CDT, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ESANDA FINANCE CORPORATION LIMITED

RBA needs to cut official interest rate to 1.5pc: ANZ

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Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 25-Sep-15

The ANZ Bank says Australia’s unemployment rate of 6.2 per cent is unlikely to fall significantly in the near-term due to factors such as slowing global economic growth and the uncertain outlook for the Chinese economy. Chief economist Warren Hogan warns that the unemployment rate could potentially rise over the next year or so. ANZ believes that a combination of factors means the Reserve Bank will have to reduce the cash rate in both February and May 2016.

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

Shorten may reappear at commission

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Original article by Ewin Hannan
The Australian Financial Review – Page: 6 : 25-Sep-15

The activities of the Australian Workers’ Union will come under further scrutiny by the Royal Commission into Trade Union Governance & Corruption. Royal commissioner Dyson Heydon has indicated that Federal Opposition Leader Bill Shorten – a former national secretary of the AWU – will not be required to appear before the inquiry again at this stage, but he has not ruled out asking Shorten to do so if this is deemed necessary.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN LABOR PARTY, HEALTH SERVICES UNION OF AUSTRALIA, ACTU, THIESS JOHN HOLLAND, ACI GLASS PACKAGING, DOWNER EDI LIMITED – ASX DOW, UNIBUILT, CLEANEVENT, WINSLOW CONSTRUCTORS PTY LTD, CHIQUITA MUSHROOMS PTY LTD, AUSTRALIAN BROADCASTING CORPORATION, LIBERAL PARTY OF AUSTRALIA

Retired engineer calls Treasurer’s wealth idea crap

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Original article by Ben Potter
The Australian Financial Review – Page: 5 : 25-Sep-15

Older Australians own almost $A1bn worth of residential property assets. Treasurer Scott Morrison has proposed that they capitalise on this wealth by downsizing to a smaller home and using the proceeds to help finance their retirement. However, retired engineer Peter Walker argues that many retirees could not afford to buy a smaller home that is close to family and friends. Walker and his wife opted for a home equity loan rather than a reverse mortgage to provide them with a retirement income stream.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PRODUCTIVITY COMMISSION, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, HOMESAFE SOLUTIONS PTY LTD

Treasurer wants to rejig the tax mix for growth

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Original article by Phillip Coorey, Laura Tingle
The Australian Financial Review – Page: 4 : 25-Sep-15

Australian Treasurer Scott Morrison is confident that the Budget deficit can be reduced via spending cuts and measures aimed at lifting economic growth. In contrast, shadow treasurer Chris Bowen argues that tax increases will also be necessary in order to cut the deficit. Morrison also says any tax reforms undertaken by the Federal Government will aim to stimulate the economy and increase government revenue without any increase in the tax take.

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

Re-think urged on share income tax

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Original article by Joanna Mather
The Australian Financial Review – Page: 11 : 25-Sep-15

Australia’s dividend imputation system is under scrutiny in the wake of BHP Billiton’s proposal to use a payment from its Australian-listed company to fund a dividend payout for British shareholders. This would result in Australian shareholders losing some franking credits. Fidelity Australian Opportunities Fund portfolio manager Kate Howitt says the dividend imputation system should be retained, as shareholders in large companies often use their dividends to invest in smaller and more innovative businesses.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, FIDELITY AUSTRALIAN OPPORTUNITIES FUND, KPMG AUSTRALIA PTY LTD, CORPORATE TAX ASSOCIATION, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

ASX recovers from low to close above 5000

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Original article by Vesna Poljak, Mark Mulligan
The Australian Financial Review – Page: 26 : 25-Sep-15

The Australian sharemarket rebounded on 24 September 2015, with the S&P/ASX 200 adding 73.57 points to close at 5,071. Rio Tinto was 0.6 per cent higher at $A48.30 and Senex Energy advanced 24 per cent to end the session at $A0.155 Wesfarmers rose by 2.5 per cent to finish at $A39.14 and Metcash was up 5.05 per cent at $A1.04

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RIO TINTO LIMITED – ASX RIO, SENEX ENERGY LIMITED – ASX SXY, WESFARMERS LIMITED – ASX WES, METCASH LIMITED – ASX MTS, BHP BILLITON LIMITED – ASX BHP, WOOLWORTHS LIMITED – ASX WOW, NORTHERN STAR RESOURCES LIMITED – ASX NST, ILUKA RESOURCES LIMITED – ASX ILU, SYRAH RESOURCES LIMITED – ASX SYR, SANTOS LIMITED – ASX STO, G8 EDUCATION LIMITED – ASX GEM, IG MARKETS LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ALDI STORES SUPERMARKETS PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, IGA, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX