Author: roymorgansocial

Are jet skis just aquatic motorbikes?

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

A Roy Morgan Single Source survey has found that 7.3 per cent of Australian households owned a motorbike in the year to March 2015, compared with 7.1 per cent five years earlier (an increase of just over 60,000). Some 116,000 people plan to buy a motorbike in the next 12 months. Meanwhile, 32.8 per cent of households own at least one bicycle, about 100,000 more than five years ago, and 410,000 Australians say they are in the market for a new bike. The survey also shows that 38,000 households own a jet ski, while 51,000 people say they intend to buy one in the next 12 months – and 21,000 of them are also planning to buy a motorbike.

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ROY MORGAN RESEARCH LIMITED

Hospitality workers underpaid $1.2m

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Original article by Ewin Hannan
The Australian Financial Review – Page: 3 : 25-Jun-15

Data from the Fair Work Ombudsman shows that 2,752 restaurant and cafe employees were not paid their full wage entitlements in 2012-13. It is estimated that they were collectively underpaid some $A1.215m. Penalty rates for working on weekends accounted for 17 per cent of the underpayments. Restaurant & Catering Australia CEO John Hart says the report has coincided with the upcoming deadline for employers to make final submissions to the Fair Work Commission on penalty rates.

CORPORATES
AUSTRALIA. FAIR WORK OMBUDSMAN, AUSTRALIA. FAIR WORK COMMISSION, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY

Coal royalties plunge $3b in Queensland

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Original article by Mark Ludlow
The Australian Financial Review – Page: 8 : 25-Jun-15

Queensland Treasurer Curtis Pitt says the State Government will achieve an operating surplus in the next four years. However, the July 2015 Budget will include a $A2.988bn write-down of mining royalties over four years, due primarily to the slump in global coal prices. Pitt notes that state revenue will be bolstered by Queensland’s booming residential property market, and says the first-home owners grant will be retained in 2015-16.

CORPORATES
QUEENSLAND. TREASURY, AUSTRALIAN LABOR PARTY, STOCKLAND – ASX SGP, PROPERTY COUNCIL OF AUSTRALIA LIMITED

Garda float subscribers scaled back

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Original article by Matthew Cranston
The Australian Financial Review – Page: 46 : 25-Jun-15

The IPO of Garda Diversified Property Group has attracted strong interest from investors, with the offer being oversubscribed. CEO Matthew Madsen says the property trust is likely to debut on the Australian sharemarket about a week earlier than anticipated. Investors will pay $A1 per unit, with the IPO raising $A70m.

CORPORATES
GARDA DIVERSIFIED PROPERTY FUND – ASX GDF, OPUS INCOME AND CAPITAL FUND NUMBER 21, MORGANS FINANCIAL LIMITED, METRO PROPERTY DEVELOPMENT PTY LTD, GRANT THORNTON AUSTRALIA, BDO AUSTRALIA LIMITED

DJs set to join great Aussie food fight

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Original article by Sue Mitchell
The Australian Financial Review – Page: 17 & 22 : 25-Jun-15

South Africa-based Woolworths Holdings is believed to be planning to build a presence in Australia’s food and grocery sector, via its David Jones subsidiary. The group intends to revamp the food halls in David Jones department stores, and the strategy may also include establishing stand-alone food stores to compete with local grocery retailers Coles and Woolworths Limited. Meanwhile, Woolworths Holdings is said to be looking at selling two of its stores in the Melbourne and Sydney CBDs.

CORPORATES
WOOLWORTHS HOLDINGS LIMITED, DAVID JONES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, THOMAS DUX GROCER, JONES THE GROCER, MARKS AND SPENCER PLC, NM ROTHSCHILD AUSTRALIA HOLDINGS PTY LTD, COUNTRY ROAD LIMITED, JP MORGAN AND COMPANY INCORPORATED, FOODCHAIN BY DAVID JONES

Federal tax reform labelled a ploy to force GST increase

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Original article by Phillip Coorey, Geoff Winestock
The Australian Financial Review – Page: 6 : 25-Jun-15

The Australian Chamber of Commerce & Industry supports a proposal to permit the states to introduce income taxes and set their own tax rates. It is one of the proposed measures outlined in a green paper on federation reform. The paper also proposes shifting responsibility for funding of schools and hospitals to the states. Victorian Premier Tim Pallas argues that this measure is aimed at persuading the states to support an increase in the scope or rate of the GST.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, VICTORIA. DEPT OF TREASURY AND FINANCE, NEW SOUTH WALES. THE TREASURY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF NEW SOUTH WALES

Seven West boosts board

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Original article by Max Mason, David Ramli
The Australian Financial Review – Page: 20 : 25-Jun-15

Australian-listed Seven West Media has made four new appointments to its board of directors. CEO Tim Worner will join the board, as will iiNet founder Michael Malone, Gilbert + Tobin partner Sheila McGregor and former Victorian premier Jeff Kennett. The new directors offer expertise in a range of sectors beyond the media industry, and Kennett notes the need for boards to have a wide range of skills.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM, IINET LIMITED – ASX IIN, GILBERT AND TOBIN LAWYERS, SEVEN NETWORK LIMITED, FAIRFAX MEDIA LIMITED – ASX FXJ, DOMAIN.COM.AU, HAWTHORN FOOTBALL CLUB, BEYOND BLUE AUSTRALIA PTY LTD

Kicking Matilda: women’s soccer in Australia

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 24-Jun-15

A Roy Morgan Single Source survey has found that the number of Australian women aged 14+ playing football (soccer) either regularly or occasionally rose from 373,000 to 378,000 between April 2010 and March 2015. The number of teenage girls aged 14-17 who play the sport rose from 131,000 to 141,000, boosted primarily by an increase in those who play regularly (78,000, up from 45,000). Participation among young women aged 18-24 remained static at 97,000, but lost ground among the 25-34 age bracket, with only 73,000 taking part in the year to March 2015 (down from 94,000 five years earlier). Football appears to be catching on among women aged 35-49, with participation numbers rising from 43,000 to 56,000.

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ROY MORGAN RESEARCH LIMITED, MATILDAS

Wesfarmers makes $US100m oil, gas play

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Original article by Julie-anne Sprague, Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 25-Jun-15

Wesfarmers will pay $US100m ($A129m) for a 27.4 per cent stake in a special-purpose vehicle that holds the Quadrant Energy stakes of Angela Bennett and Macquarie Capital. This in turn will give Wesfarmers a 13.7 per cent stake in Quadrant, which was previously known as Apache Australia and owns oil and gas assets in Western Australia. Wesfarmers MD Richard Goyder describes the Quadrant stake as a stand-alone investment for the conglomerate.

CORPORATES
WESFARMERS LIMITED – ASX WES, QUADRANT ENERGY PTY LTD, MACQUARIE CAPITAL PTY LTD, APACHE CORPORATION, AMB HOLDINGS PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, CSBP LIMITED, BROOKFIELD ASSET MANAGEMENT INCORPORATED, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, NEXUS ENERGY LIMITED, BEACH ENERGY LIMITED – ASX BPT, DRILLSEARCH ENERGY LIMITED – ASX DLS

Westpac buys stake in payments start-up

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Original article by James Eyers
The Australian Financial Review – Page: 21 : 25-Jun-15

PromisePay has raised $US2m ($A2.6m) in seed funding from several venture capital funds, including the Westpac-owned Reinventure Group. PromisePay was founded in 2014 and offers a payment platform for online marketplaces such as Jobstream and Flippa. PromisePay forecasts strong growth in revenue in 2015-16. Reinventure has previously invested in SocietyOne, Nabo and Zetaris.

CORPORATES
PROMISEPAY, REINVENTURE GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, JOBSTREAM, FLIPPA.COM PTY LTD, SOCIETYONE AUSTRALIA PTY LTD, NABO COMMUNITY, ZETARIS PTY LTD, RAMPERSAND HOLDINGS PTY LTD, CULTIVATION CAPITAL, 99DESIGNS PTY LTD, SQUARE, SIXTHIRTY, KIMA VENTURES, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, TELSTRA CORPORATION LIMITED – ASX TLS, ERICSSON AUSTRALIA PTY LTD, NEC AUSTRALIA PTY LTD, FUJITSU AUSTRALIA LIMITED, STANDARD CHARTERED BANK PLC, BRAINTREE LABORATORIES INCORPORATED, UBER TECHNOLOGIES INCORPORATED, AIRBNB INCORPORATED, EBAY INCORPORATED, CRAIGSLIST, GUMTREE.COM AUSTRALIA PTY LTD, CARSALES.COM LIMITED – ASX CAR