Author: roymorgansocial

Most mobile users choose quality or price – but some want it all

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 17-Sep-15

A Roy Morgan Single Source survey has found that 41 per cent of Australians aged +14 who own a mobile phone chose their provider for its better network coverage, while 28 per cent say cheaper rates were a deciding factor. The survey, which was carried out between January and July 2015, also shows that eight per cent of all mobile phone owners say both were reasons for choosing their provider. Roy Morgan Research CEO Michele Levine says that by understanding the reasons customers choose them, telecom providers can monitor and forecast the impacts of advertising campaigns and product or plan changes.

CORPORATES
ROY MORGAN RESEARCH LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD, VODAFONE AUSTRALIA LIMITED, VIRGIN MOBILE (AUSTRALIA) PTY LTD, AMAYSIM AUSTRALIA LIMITED – ASX AYS, ALDI MOBILE, BOOST MOBILE

Grocon to build first major Sydney apartment project in 15 years

roymorgansocial Leave a comment

Original article by Mercedes Ruehl
The Australian Financial Review – Page: 41 : 17-Sep-15

Grocon has acquired a residential development site in the Sydney suburb of Epping for $A56.5 million. The property developer plans a high-density apartment development for the site at 30-42 Oxford Street, comprising 250 apartments. The site is located close to the Macquarie Centre.

CORPORATES
GROCON PTY LTD, JONES LANG LASALLE INCORPORATED

CFMEU safety breaches ‘neither isolated nor minor’

roymorgansocial Leave a comment

Original article by Elizabeth Colman
The Australian – Page: 2 : 17-Sep-15

The construction union has been taken to court for failing to observe safety rules. Fair Work Building & Construction (FWBC) alleged in the Federal Circuit Court that union officials from the Construction, Forestry, Mining & Energy Union breached the safety rules on numerous occasions. FWBC director Nigel Hadgkiss will talk about the case at a safety conference on 17 September 2015.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, FAIR WORK BUILDING AND CONSTRUCTION, FEDERAL CIRCUIT COURT OF AUSTRALIA

Telstra hotspot device six times faster than NBN fibre offering

roymorgansocial Leave a comment

Original article by David Ramli
The Australian Financial Review – Page: 30 : 17-Sep-15

Telstra will launch its WiFi 4GX Advanced III mobile broadband hotspot technology on 29 September 2015. A demonstration of the technology on 16 September showed that it was able to deliver a download speed of 500Mbps and an upload rate of 40Mpbs. Telstra says the technology can potentially achieve download speeds of up to 600Mbps. In contrast, the download speed for the fibre-to-the-node technology to be used by the national broadband network is estimated to be 100Mbps.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NETGEAR

Graincorp up on PM change

roymorgansocial Leave a comment

Original article by Jared Lynch
The Australian Financial Review – Page: 30 : 17-Sep-15

Shares in GrainCorp have risen by nearly nine per cent since Malcolm Turnbull became Prime Minister. There has been speculation that Archer Daniels Midland could make a new takeover bid for GrainCorp due to the leadership change. Archer’s previous bid in 2013 was blocked by Treasurer Joe Hockey on national interest grounds. Belinda Moore of Morgans Financial attributes the share price rally to expectations that the Federal Government will be more open to foreign investment under Turnbull.

CORPORATES
GRAINCORP LIMITED – ASX GNC, ARCHER DANIELS MIDLAND COMPANY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, MORGANS FINANCIAL LIMITED, ELLERSTON CAPITAL PTY LTD, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, LIBERAL PARTY OF AUSTRALIA

IGA prepares for Aldi attack

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 27 : 17-Sep-15

Aldi will expand into the Western Australian and South Australian markets in 2016, and it will pose a major threat to Metcash in particular. Nearly 30 per cent of stores that trade under Metcash’s IGA banner are located in these states. Morgan Stanley believes that Aldi’s entry could slash the sales of independent retailers operating under the IGA banner by about $A360m a year, while Metcash itself could face a sharp fall in sales. Its market share in the eastern states is already falling, although a survey by Roy Morgan Research shows that it boasts the highest level of customer loyalty.

CORPORATES
ALDI STORES SUPERMARKETS PTY LTD, METCASH LIMITED – ASX MTS, IGA, COLES GROUP LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, ROY MORGAN RESEARCH LIMITED, SIMMO’S ICE CREAMERY

Vitaco joins Blackmores in vitamins frenzy

roymorgansocial Leave a comment

Original article by Simon Evans
The Australian Financial Review – Page: 25 & 30 : 17-Sep-15

Shares in Vitaco closed at $A2.38 on 16 September 2015, after listing on the Australian sharemarket at $A2.50. The vitamins and sports nutrition group’s shares reached an intra-day high of $A2.59, compared with an issue price of $A2.10 in an IPO that raised $A232m. Vitaco anticipates strong growth in demand for vitamins in China, which currently accounts for about eight per cent of group sales. Rival Blackmores has also benefited from rising demand in China, with its shares closing at $A130 after peaking at $A132.99.

CORPORATES
VITACO HOLDINGS LIMITED – ASX VIT, BLACKMORES LIMITED – ASX BKL, NEXT CAPITAL PTY LTD, HEALTHERIES OF NEW ZEALAND LIMITED, NUTRA-LIFE HEALTH AND FITNESS AUSTRALIA PTY LTD, ALIBABA GROUP HOLDING LIMITED, SWISSE WELLNESS PTY LTD, BODYTRIM, MUSASHI PTY LTD, AUSSIE BODIES PTY LTD, JB HI-FI LIMITED – ASX JBH

Hockey’s last big tax crackdown

roymorgansocial Leave a comment

Original article by Joanna Mather, Fleur Anderson
The Australian Financial Review – Page: 1 & 10 : 17-Sep-15

Federal Treasurer Joe Hockey says tax law reforms aimed at combating profit-shifting by multinationals could potentially affect up to 1,000 companies, rather than the 30 that he had initially flagged. Hockey says the revised legislation, which was introduced to Parliament on 16 September 2015, will apply to all multinationals with global revenue of at least $A1bn. Lawyers, accountants and employers’ associations are among those to have expressed concern that the new anti-avoidance laws will deter foreign investment in Australia.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, BAKER AND McKENZIE, KPMG AUSTRALIA PTY LTD, AMERICAN CHAMBER OF COMMERCE IN AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Coup backers to be promoted

roymorgansocial Leave a comment

Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 17-Sep-15

Tony Abbott supporters Kevin Andrews and Eric Abetz are expected to be among the casualties when Prime Minister Malcolm Turnbull announces his new frontbench team. It is expected that at least nine Coalition members who supported Turnbull in the leadership spill will be promoted in the ministerial reshuffle, and Turnbull has indicated that he is keen for more women to become government ministers. Several Abbott backers are tipped to retain their portfolios, including Andrew Robb.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIA. DEPT OF FINANCE, AUSTRALIA. DEPT OF EDUCATION AND TRAINING, LIBERAL PARTY OF AUSTRALIA

L-NP (43%) fell further behind ALP (57%) before Turnbull challenged Abbott for the Prime Ministership on Monday

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 16-Sep-15

A multi-mode Morgan Poll on Federal voting intention has found that support for Australia’s ruling Liberal-National Coalition on a two-party preferred basis has fallen by two per cent to 43 per cent. The poll, which was carried out on the weekend of 12-13 September 2015, also shows that the Coalition’s primary vote has fallen by 1.5 per cent to 35 per cent, while the Roy Morgan Government Confidence Rating has fallen by four points to an equal record low of 86 points. Roy Morgan Research executive chairman Gary Morgan says the 7-Eleven and United Petroleum wages rort offers new Prime Minister Malcolm Turnbull the opportunity to grab the economic initiative, which means presenting to Parliament major changes to industrial relations and employment laws and cutting Government bureaucracy and wasteful Government spending.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, KATTER’S AUSTRALIAN PARTY, PALMER UNITED PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, 7-ELEVEN STORES PTY LTD, UNITED PETROLEUM PTY LTD