Author: roymorgansocial

Regions running scare campaign, says Seven

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Original article by Max Mason
The Australian Financial Review – Page: 36 : 6-Jul-15

Southern Cross Media Group CEO Grant Blackley says the Australian Government should review cross-media ownership laws to ensure a "level playing field" for regional TV broadcasters. However, Seven West Media CEO Tim Worner argues that regional networks’ primary motivation for scrapping the "reach rule" is to make them more appealing to potential suitors. He argues that they should instead lobby for a reduction in licence fees, which could be redirected to local content such as news.

CORPORATES
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, SEVEN WEST MEDIA LIMITED – ASX SWM, PRIME MEDIA GROUP LIMITED – ASX PRT, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, PALMER UNITED PARTY, AUSTRALIA. DEPT OF COMMUNICATIONS

Steel and glass dome creates a ‘fifth facade’

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Original article by Michael Bleby
The Australian Financial Review – Page: 42 : 3-Jul-15

The 2015 New South Wales architecture awards were presented on 2 July. The Sulman Medal was awarded to Sydney’s Westmead Millennium Institute, which was designed by architecture firm BVN, while the redevelopment of the historic 50 Martin Place received the commercial architecture award. A house at South Head that was designed by Peter Stutchbury Architecture won the residential architecture award for new homes.

CORPORATES
BVN ARCHITECTURE PTY LTD, PETER STUTCHBURY ARCHITECTURE PTY LTD, JOHNSON PILTON WALKER PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Ex-Sigma CEO faces jail for falsifying company accounts

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Original article by Sarah Danckert
The Australian Financial Review – Page: 3 : 3-Jul-15

Two former senior executives of Australian-listed Sigma Pharmaceuticals will return to court in September 2015, after pleading guilty to charges of falsifying the group’s financial accounts. Elmo de Alwis was CEO until 2010, while Mark Smith stepped down as CFO in the same year. They have also been charged with providing false and misleading statements to the group’s board of directors and auditors.

CORPORATES
SIGMA PHARMACEUTICALS LIMITED – ASX SIP, COUNTY COURT OF VICTORIA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Murray Goulburn float caution

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Original article by Jared Lynch
The Australian Financial Review – Page: 3 : 3-Jul-15

The listed unit trust of dairy co-operative Murray Goulburn will debut on the Australian sharemarket on 3 July 2015, at $A2.10 per unit. The trust will allow non-farmer investors to gain exposure to the nation’s largest dairy processor via non-voting stock. Meanwhile, second-generation dairy farmer Ross Powell has urged fellow milk suppliers to avoid allowing the IPO to become a distraction.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, FONTERRA CO-OPERATIVE GROUP LIMITED

Women dominant in senior ranks, next step still to come

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Original article by Marianna Papadakis
The Australian Financial Review – Page: 34 : 3-Jul-15

Women account for 24 per cent of partners at the law firms that participated in the 2015 law partnership survey of "The Australian Financial Review". However, female lawyers comprise more than 60 per cent of senior associates at these firms. Some 66 per cent of senior associates at Corrs Chambers Westgarth are women, while 64 per cent at Herbert Smith Freehills are women.

CORPORATES
CORRS CHAMBERS WESTGARTH, HERBERT SMITH FREEHILLS PTY LTD, NORTON ROSE FULBRIGHT AUSTRALIA, SEYFARTH SHAW LLP, ALLENS

Australia’s most gender balanced sports and activities

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 2-Jul-15

A Roy Morgan Single Source survey, which was carried out in the year to March 2015, has identified Australia’s 10 most gender-neutral sports and activities, with almost equal proportions of female and male participants. They are boxing, hiking/bushwalking, marathons/running, ten pin bowling, gym/weight training, jogging, triathlons, rock climbing/abseiling, snorkelling/skin diving and field hockey. These sports or activities have participant ratios within 4% points of the female:male population norm of 50.7%:49.3%.

CORPORATES
ROY MORGAN RESEARCH LIMITED

PM rejects rural MP concerns over media law reform

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 3-Jul-15

Prime Minister Tony Abbott says changes to cross-media ownership laws will only be on the agenda if all media groups support reform. MPs in regional electorates have called for the current laws to be scrapped, amid concerns that regional TV broadcasters will be forced to cut jobs and local news services. Meanwhile, Fairfax Media CEO Greg Hywood says the competition regulator should closely examine Ten’s proposed equity deal with Foxtel, due to News Corp’s 50 per cent stake in the latter.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, FAIRFAX MEDIA LIMITED – ASX FXJ, TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, AUSTRALIA. DEPT OF COMMUNICATIONS, PRIME MEDIA GROUP LIMITED – ASX PRT, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, PRESTO ENTERTAINMENT PTY LTD, DOMAIN.COM.AU, NATIONAL RUGBY LEAGUE, AUSTRALIAN FOOTBALL LEAGUE, MULTI CHANNEL NETWORK PTY LTD, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, WIN CORPORATION PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

Feeling ill? Take photos and call Dr Snapchat

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Original article by David Ramli
The Australian Financial Review – Page: 23 : 3-Jul-15

Telstra has launched a telemedicine service called ReadyCare in partnership with Switzerland-based Medgate. Consumers with health issues will be able to consult a GP via video link or mobile phone for a $A76 fee. ReadyCare is aimed at treating people with infectious diseases in their own home rather than having them visit a GP.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, MEDGATE AG, TELSTRA READYCARE

Debt-free Pac Brands upgrades profit

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Original article by Sue Mitchell
The Australian Financial Review – Page: 23 : 3-Jul-15

Shares in Pacific Brands gained $A0.165 to close at $A0.49 on 2 July 2015, after the clothing and homewares group lifted its earnings forecast. Pacific Brands’ revised guidance is for 2014-15 underlying EBIT to be within the range of $A63m to $A65m, compared with market expectations of about $A60.1m. Meanwhile, asset sales have allowed the group to be free of debt for the first time since its sharemarket debut in 2004.

CORPORATES
PACIFIC BRANDS LIMITED – ASX PBG, BONDS INDUSTRIES LIMITED, SHERIDAN AUSTRALIA PTY LTD, HARD YAKKA, VOLLEY, GROSBY FOOTWEAR, KING GEE CLOTHING COMPANY, WESFARMERS LIMITED – ASX WES, EVERLAST PTY LTD, SLAZENGER, DUNLOP SPORT, ANCHORAGE CAPITAL PARTNERS PTY LTD, IBML CAPITAL PTY LTD, THE PAS GROUP LIMITED – ASX PGR, DESIGNWORKS LIMITED, WOOLWORTHS LIMITED – ASX WOW, BIG W DISCOUNT STORES, TARGET AUSTRALIA PTY LTD, LEGG MASON ASSET MANAGEMENT AUSTRALIA LIMITED

ANZ tipped to exit Asia banks

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Original article by James Eyers
The Australian Financial Review – Page: 21 : 3-Jul-15

The ANZ Bank currently has a lower common equity tier 1 capital ratio than its peers, although at 8.7 per cent it is comfortably above the minimum requirement. However, Andrew Triggs of Deutsche Bank expects ANZ to offload some of its stakes in Asian banks in order to lift its capital ratio. He estimates that selling stakes in three of these banks – as well as the Esanda business – could boost ANZ’s capital ratio to more than 10 per cent.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DEUTSCHE BANK AG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ESANDA FINANCE CORPORATION LIMITED, PT PANIN BANK, AMBANK BERHAD, BANK OF TIANJIN COMPANY LIMITED, SHANGHAI RURAL COMMERCIAL BANK, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, CLYDESDALE BANK PLC, GREAT WESTERN BANK, UBS HOLDINGS PTY LTD, BLOOMBERG LP