Author: roymorgansocial

ANZ-Roy Morgan Australian Consumer Confidence – Virtually Unchanged at 113.0

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 26-Aug-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 0.2 per cent to 113.0 in the week ended 23 August 2015. This leaves confidence around its long run average and similar to levels seen a year ago (-0.4 per cent). The fall in confidence was driven by views on ”economic conditions in the next five years” (down 1.2 per cent), ”finances in the next year” (down one per cent), and ”finances compared to a year ago” (down 0.5 per cent). Increases were recorded in ”economic conditions in the next year” and ”time to purchase a household item”. In comparison to a year ago, consumers’ confidence about economic conditions looks bleak. Views on ”economic outlook for the next year” are down 5.4 per cent and views on ”economic conditions in the next five years” are down 2.6 per cent. This is consistent with the equity market, which is down over seven per cent from a year ago.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Murdochs v the NRL

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Original article by Dominic White, John Stensholt
The Australian Financial Review – Page: 44 : 25-Aug-15

Stripping Foxtel of its exclusive rights to a Saturday night game has brought the wrath of News Corp down on National Rugby League (NRL) CEO Dave Smith. It is believed News executives were embarrassed when the NRL unveiled a surprise $A925 million broadcasting rights deal with Nine Entertainment, leaving them out of the loop.

CORPORATES
NEWS CORPORATION – ASX NWS, NATIONAL RUGBY LEAGUE, AUSTRALIAN FOOTBALL LEAGUE, NINE FILMS AND TELEVISION PTY LTD, FOXTEL MANAGEMENT PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, TEN NETWORK HOLDINGS LIMITED – ASX TEN, SEVEN WEST MEDIA LIMITED – ASX SWM, FOX SPORTS, OPTUS VISION HOLDINGS PTY LTD, SUPER LEAGUE, DIRECT FACTORY OUTLETS PTY LTD

NBN must find $26.5b to fund cost increases

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Original article by David Ramli
The Australian Financial Review – Page: 3 : 25-Aug-15

NBN has revealed a 36.6 per cent blowout in costs to $A56 billion, up from the $A41 billion previously forecast for the national broadband rollout. As the government’s funding cap of $A29.5 billion has not increased, NBN will have to raise up to $A26.5 billion from other sources.

CORPORATES
NBN CO LIMITED, M2 GROUP LIMITED – ASX MTU, DODO AUSTRALIA PTY LTD, PRIMUS AUSTRALIA PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIAN LABOR PARTY, FOXTEL MANAGEMENT PTY LTD

Xero founder warns of public growing pains

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Original article by Rose Powell
The Australian Financial Review – Page: 24 : 25-Aug-15

Going public is like stepping onto a merry-go-round, says Rod Drury, CEO of accounting software start-up Xero. There is constant pressure from investors and every step is scrutinised. Private companies had the luxury of time and anonymity to deal with problems, but listed start-ups had to deal quickly with issues that hindered performance. On track to bring in $A200 million in 2015, Xero listed in 2007, just a year after it was launched in New Zealand.

CORPORATES
XERO LIMITED – ASX XRO, AFTERMAIL LIMITED, QUEST SOFTWARE INCORPORATED, 42 BELOW LIMITED

Ashley Madison hack shows deception thrives online

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Original article by Peter Moon
The Australian Financial Review – Page: 26 : 25-Aug-15

It is not known how often corporate computer files are hacked because of the absence of a mandatory data breach reporting regime. The hacking of the Ashley Madison database was well publicised, but others may fly under the radar because governments rarely acknowledge them let alone investigate. The hacking of the Ashley Madison infidelity site, operated from Cyprus, also highlighted the dangers of handing over personal information and credit card details to organisations with doubtful reputations.

CORPORATES
PRAECELLENS LIMITED, COOPER MILLS LAWYERS

Growth ‘gazelles’ leap offshore, we get left behind

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Original article by Caitlin Fitzsimmons
The Australian Financial Review – Page: 35 : 25-Aug-15

Most government assistance in the technology sector is targeted at early-stage entrepreneurs, while growth companies are under-serviced and left to find their own way. Once companies move beyond the "exciting, early-stage start-up" they are subject to pressure pulling them offshore. Two recent examples are Shoes of Prey, which moved to Los Angeles leaving a branch office in Sydney, and Bigcommerce, which now has an American CEO and 400 staff in San Francisco and Austin, compared to 50 in Sydney.

CORPORATES
SHOES OF PREY PTY LTD, BIGCOMMERCE PTY LTD, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, UNIVERSITY OF SOUTH AUSTRALIA, AUSTRADE, TYRO PAYMENTS, PWC CONSULTING (AUSTRALIA) PTY LTD, GOOGLE AUSTRALIA PTY LTD, CAMPAIGN MONITOR PTY LTD

Senior CFMEU bosses face criminal charges

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Original article by Nick McKenzie, Ewin Hannan, Richard Baker, Nick Toscano
The Australian Financial Review – Page: 6 : 25-Aug-15

Officials of the militant Construction, Forestry, Mining & Energy Union (CFMEU) are under police investigation in three states. National president Dave Hanna, who was also a vice-president of the Australian Labor Party in Queensland, has quit the union as police probe allegations that he received secret commissions. In Victoria, senior officials of the CFMEU’s construction division are facing allegations of blackmail, while in New South Wales Brian Parker, the state secretary, is being investigated after phone taps linked him to organised crime figure George Alex.

CORPORATES
CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN FEDERAL POLICE, VICTORIA POLICE, NEW SOUTH WALES POLICE FORCE, QUEENSLAND POLICE SERVICE, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIAN LABOR PARTY, BORAL LIMITED – ASX BLD, LIBERAL PARTY OF NEW SOUTH WALES, MIRVAC GROUP – ASX MGR, BUILDERS’ LABOURERS’ FEDERATION

Australians’ AFL viewing fragments across Free TV, Pay TV and streaming via app on mobile devices

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

Roy Morgan Single Source research in the 12 months to June 2015 shows that 2,321,000 Australians (14+) especially choose to watch Australian Football League (AFL) matches broadcast on Channel Seven, down from 2,628,000 in the 12 months to June 2013. The survey also found that 891,000 especially choose to watch Foxtel’s dedicated AFL channel Fox Footy, up from 841,000 in 2013, while 384,000 used Telstra’s AFL Live Official App in an average four weeks, up from 254,000 in 2013. Over the past two years, there has been a clear fragmentation of audiences across free TV, pay TV and live streaming: in 2013, over two-thirds of Fox Footy viewers (68 per cent) and AFL Live Official App users (67 per cent) also cited Channel Seven’s matches among those they especially choose to watch. Today, there is less overlap – meaning greater fragmentation: 59 per cent of Fox Footy viewers and 54 per cent of App users also choose to watch matches on Channel Seven. The overlap between Fox Footy and the AFL Live Official App has also declined, from 32 per cent of app users in 2013 to 24 per cent now.

CORPORATES
ROY MORGAN RESEARCH LIMITED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN FOOTBALL LEAGUE, SEVEN NETWORK LIMITED, NATIONAL RUGBY LEAGUE, NEWS CORP AUSTRALIA PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, FOXTEL MANAGEMENT PTY LTD

L-NP support increases after unions attack credibility of Trade Union Commissioner Dyson Heydon and the Abbott Government announces new policies on climate change and same-sex marriage

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Original article by Roy Morgan Research
Morgan Poll Update – Page: Online : 25-Aug-15

A Morgan Poll on Federal voting intention, which was carried out on 15-16 and 22-23 August 2015, has found that support for Australia’s ruling Liberal-National Coalition jumped to 45.5 per cent (up 2.5 per cent), compared with the Australian Labor Party (ALP) 54.5 per cent (down 2.5 per cent) following extensive union attacks on the credibility of Trade Union Royal Commission head Justice Dyson Heydon and following key Government announcements on policies involving climate change and same-sex marriage. However, if a Federal Election were held now the ALP would still win easily. Primary support for the Coalition has increased to 38.5 per cent (up two per cent) while ALP support is down one per cent to 36 per cent. Support for the Greens has fallen to 14 per cent (down 1.5 per cent), Palmer United Party 1.5 per cent (up 0.5 per cent), Katter’s Australian Party 1.5 per cent (unchanged), while Independents/ Others were 8.5 per cent (unchanged). Gary Morgan, executive chairman of Roy Morgan Research, says the Morgan Poll shows the attacks by the unions on the credibility of Heydon have had little impact on Australian electors.

CORPORATES
MORGAN POLL, ROY MORGAN RESEARCH LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, PALMER UNITED PARTY, KATTER’S AUSTRALIAN PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION

Chinese investors wary on house buying

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Original article by Su-Lin Tan
The Australian Financial Review – Page: 8 : 25-Aug-15

Chinese real estate investors are reacting to Treasurer Joe Hockey’s crackdown on illegal purchases. They are becoming more cautious as they seek information about investment rules for residential property, according to Asian property agent House 18’s Michael Zhu. Many agents are advising Chinese investors to contact a lawyer before proceeding.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN TAXATION OFFICE, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FINANCIAL INDUSTRY REGULATORY AUTHORITY INCORPORATED, CBRE GROUP INCORPORATED, BLACK DIAMONDZ PROPERTY CONCIERGE, HOUSE 18