Author: roymorgansocial

That’s the spirit: Gin wins drinkers of all ages

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 21-Jul-15

A Roy Morgan Single Source survey has found that just over 1.1 million Australians aged 18+ drank vodka in an average four-week period (excluding in ready-to-drink beverages) in the year to March 2015. This is virtually unchanged compared with five years ago, despite overall population growth. Meanwhile, the average number of monthly gin drinkers nationwide has grown from 633,000 in the year to March 2010 to 860,000. However, the number of people who drink white rum has fallen from 446,000 in 2010 to 324,000, and tequila consumption is down from 336,000 to 312,000.

CORPORATES
ROY MORGAN RESEARCH LIMITED

The credits roll for arts and recreation productivity score

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Original article by Ben Potter
The Australian Financial Review – Page: 8 : 21-Jul-15

New data from the Productivity Commission shows that Australia’s arts and recreation industry achieved an 8.2 per cent increase in labour productivity in 2013-14. In contrast, there was a modest fall in productivity in the mining, construction and manufacturing industries. Meanwhile, the output of arts and recreation companies increased by 2.6 per cent, despite a 5.6 per cent decline in labour.

CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION

Telstra tells Airbnb tagline doesn’t ‘Belong’ here

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Original article by David Ramli
The Australian Financial Review – Page: 21 : 21-Jul-15

Telstra launched a budget broadband provider called Belong in October 2013. The telco is now challenging Airbnb’s use of its "Belong Anywhere" global marketing slogan in Australia. Airbnb was granted a trademark for the tagline in October 2014, but this was subsequently challenged by Telstra. It has also disputed Vodafone Australia’s use of the "Ready Business" trademark for some of its products.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, AIRBNB INCORPORATED, VODAFONE AUSTRALIA LIMITED, DAVIES COLLISON CAVE, ADDISONS COMMERCIAL LAWYERS, TOURISM ACCOMMODATION AUSTRALIA

Echo wins bid to build Brisbane casino

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Original article by Mark Ludlow, Perry Williams
The Australian Financial Review – Page: 7 : 21-Jul-15

The Queensland Government has chosen a consortium headed by Echo Entertainment Group to build Brisbane’s second casino. The Destination Brisbane consortium, which also includes Chow Tai Fook and Far East Consortium, competed with Crown Resorts for the right to build the new gaming venue at Queen’s Wharf. It will be located next to Echo’s Treasury Casino. Echo plans to relocate its head office from Sydney to Brisbane.

CORPORATES
ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, DESTINATION BRISBANE PTY LTD, CHOW TAI FOOK ENTERPRISES LIMITED, FAR EAST CONSORTIUM INTERNATIONAL LIMITED, CROWN RESORTS LIMITED – ASX CWN, GREENLAND HOLDING GROUP COMPANY LIMITED, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. DEPT OF STATE DEVELOPMENT, TRADE AND INNOVATION, TREASURY CASINO AND HOTEL, THE STAR, DEUTSCHE BANK AG, CREDIT SUISSE (AUSTRALIA) LIMITED

Atlas adds $86m but well short of target

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Original article by Tess Ingram
The Australian Financial Review – Page: 17 : 21-Jul-15

The capital raising of Australian-listed Atlas Iron has fallen significantly short of its $A180m target. The iron ore producer has raised about $A30m from retail investors and around $A12m from institutional investors, while its contractors had previously agreed to subscribe to some $A44m worth of shares. Atlas shares were suspended from trading in April 2015, and the stock may resume trading on 27 July.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, McALEESE LIMITED – ASX MCS, QUBE HOLDINGS LIMITED – ASX QUB, MACA LIMITED – ASX MLD, WESTERN ASSET MANAGEMENT COMPANY, FORTRESS INVESTMENT GROUP LLC, SANKATY ADVISORS LLC, MARATHON ASSET MANAGEMENT LIMITED

Labor splits over GST increase

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 21-Jul-15

It is estimated that lifting the GST rate from 10 per cent to 15 per cent would increase annual revenue by about $A30bn. South Australian Premier Jay Weatherill and Australian Capital Territory Chief Minister Andrew Barr have indicated that they would consider the reform, with the latter saying his support would be conditional on the payment of sufficient compensation. Victoria and Queensland are the only Australian Labor Party-led state governments that remain firmly opposed to increasing the GST.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN CAPITAL TERRITORY. DEPT OF THE CHIEF MINISTER, AUSTRALIAN LABOR PARTY, VICTORIA. DEPT OF PREMIER AND CABINET, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, TASMANIA. DEPT OF PREMIER AND CABINET, NEW SOUTH WALES. DEPT OF PREMIER AND CABINET, LIBERAL PARTY OF NEW SOUTH WALES, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, AUSTRALIA. DEPT OF SOCIAL SERVICES, AUSTRALIAN GREENS

Boom in large Melbourne apartments

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Original article by Larry Schlesinger
The Australian Financial Review – Page: 40 : 21-Jul-15

Secret Agent has released data which shows that the median price of a one-bedroom apartment in Melbourne was steady at $A380,000 in 2014-15. However, the median price of two-bedroom apartments increased by 4.7 per cent to $A582,000, while the median price of apartments with at least three bedrooms rose by 7.2 per cent to $A950,000. The rising price of larger apartments is said to have been driven by demand from families and Baby Boomers who are downsizing their homes.

CORPORATES
SECRET AGENT PROPERTY SERVICES, THE REAL ESTATE INSTITUTE OF VICTORIA LIMITED

Higher bank capital to bite investors, clients

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Original article by James Eyers
The Australian Financial Review – Page: 1 & 10 : 21-Jul-15

The Australian Prudential Regulation Authority has ruled that the nation’s major banks – and Macquarie Group – will need to hold more capital against residential mortgages. The average risk weighting on mortgage loans will rise from around 16 per cent to at least 25 per cent from 1 July 2016. Jarrod Martin of Credit Suisse estimates that the increased capital requirements will result in a modest rise in mortgage interest rates, while Richard Wiles of Morgan Stanley forecasts that dividend payouts will be reduced as a result of the reforms.

CORPORATES
AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CREDIT SUISSE (AUSTRALIA) LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, WESTPAC BANKING CORPORATION – ASX WBC, PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, CUSTOMER OWNED BANKING ASSOCIATION, DELOITTE TOUCHE TOHMATSU LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Dairy industry faces tough year

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Original article by Jared Lynch
The Australian Financial Review – Page: 29 : 21-Jul-15

The global price of whole milk powder fell by 13.1 per cent to $US1,848 per tonne in early July 2015. The downturn has prompted industry body Australian Dairy Farmers to warn that local dairy farmers may struggle to break even in 2015-16. The majority of milk processors have indicated that they will initially pay dairy farmers $A5.60 per kilogram of milksolids, which is just above the cost of production for many farmers.

CORPORATES
AUSTRALIAN DAIRY FARMERS’ LIMITED, FONTERRA CO-OPERATIVE GROUP LIMITED

Dipping Australian dollar tipped to drop below US60c

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Original article by Vesna Poljak
The Australian Financial Review – Page: 28 : 21-Jul-15

Deltec International Group’s Atul Lele says further interest rate cuts and fiscal policy easing are needed in Australia due to the country’s uncertain economic outlook. He says the economic downturn in Canada is likely to be replicated in Australia, and forecasts that the Australian dollar will fall below the $US0.70 level by the end of 2015. He also warns of the potential for it to fall below $US0.60.

CORPORATES
DELTEC INTERNATIONAL GROUP, BANK OF CANADA