Author: roymorgansocial

How Australia’s cities are changing: which are richer, trendier, ageing, battling or more family-friendly

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 18-Jun-15

Roy Morgan Research has integrated new suburb-by-suburb population estimates from the Australian Bureau of Statistics into Helix Personas. This shows that Sydney has gained around 230,000 people (for total growth of five per cent) over the three years to June 2014. Some 82,544 of these new residents are high-income, educated and successful home-owners in the Leading Lifestyles community. Melbourne’s biggest proportional growth was among two distinct types of people: high-spending hipsters and outer suburban young parents. Perth was the fastest-growing city overall, with 10% more residents than in 2011, while Brisbane and Adelaide recorded population growth of six per cent and three per cent respectively.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN BUREAU OF STATISTICS

Cash Converters to settle payday lending class action

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Original article by James Eyers
The Australian Financial Review – Page: 23 : 18-Jun-15

Cash Converters is close to settling a class action in which it was alleged to have charged exorbitant interest rates on payday loans. Its shares are in a trading halt pending the settlement, and the stock is expected to resume trading on 19 June 2015. Law firm Maurice Blackburn, which led the class action on behalf of about 50,000 customers on low incomes, alleged that Cash Converters charged interest rates of between 145 and 633 per cent.

CORPORATES
CASH CONVERTERS INTERNATIONAL – ASX CCV. MAURICE BLACKBURN PTY LTD. MONEY3 CORPORATION LIMITED – ASX MNY. AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

El Nino effect on minerals ‘minimal’

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 29 : 18-Jun-15

An analysis of 13 previous El Nino events by Citigroup has concluded that the weather phenomenon that is expected in 2015 is unlikely to have much effect on the price of mineral commodities. However, the firm notes that El Nino could impact on agricultural commodities, and it concludes that wheat is the soft commodity that is most likely to be affected in Australia.

CORPORATES
CITIGROUP PTY LTD. AUSTRALIAN BUREAU OF AGRICULTURAL AND RESOURCE ECONOMICS AND SCIENCES

China FTA raises fears for building products

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Original article by Michael Bleby
The Australian Financial Review – Page: 45 : 18-Jun-15

The Housing Industry Association (HIA) is concerned that unsafe building products will flow into Australia under the free trade agreement with China. The HIA’s Kristin Brookfield says there is no appropriate checking framework for imported building materials. The expected increase in imports under the free trade agreement will raise safety risks unless controls are put in place. An Australian Industry Group survey in 2013 found high levels of non-conforming imported building products.

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED. AUSTRALIAN COMPETITION AND CONSUMER COMMISSION. RIDER LEVETT BUCKNALL PTY LTD. VICTORIAN BUILDING AUTHORITY. AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE

Speculation rife about which companies Buffett will choose

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 19 & 24 : 18-Jun-15

US investment guru Warren Buffett plans to reinvest Berkshire Hathaway’s allocation of Insurance Australia Group’s annual gross written premium in local stocks. Australia’s four major banks satisfy many of Buffett’s strict investment criteria, while other stocks that could potentially comply with his investment standards include BHP Billiton, Woodside Petroleum, Oil Search, GPT Group and Trade Me Group.

CORPORATES
BERKSHIRE HATHAWAY INCORPORATED. INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG. BHP BILLITON LIMITED – ASX BHP. WOODSIDE PETROLEUM LIMITED – ASX WPL. OIL SEARCH LIMITED – ASX OSH. GPT GROUP – ASX GPT. TRADE ME GROUP LIMITED – ASX TME. BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN. WESTPAC BANKING CORPORATION – ASX WBC. BT INVESTMENT MANAGEMENT LIMITED – ASX BTT. JP MORGAN AND COMPANY INCORPORATED. WELLS FARGO BANK. THE GOLDMAN SACHS GROUP INCORPORATED. BANK OF AMERICA CORPORATION. EXXONMOBIL CORPORATION. BURLINGTON NORTHERN SANTE FE CORPORATION. AURIZON HOLDINGS LIMITED – ASX AZJ. MEDIBANK PRIVATE LIMITED – ASX MPL. TESCO PLC. ALDI EINKAUF GMBH & CO OHG. LIDL GMBH & CO KG. WOOLWORTHS LIMITED – ASX WOW. APPLE INCORPORATED. GOOGLE INCORPORATED

Drivers to pay through nozzle in Greens deal

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Original article by Phillip Coorey
The Australian Financial Review – Page: 9 : 18-Jun-15

The Australian Greens are using their new relationship with the Federal Government to push for an increase in the petrol excise, arguing that the additional revenue can augment spending on public transport. Fresh from siding with the Government over cuts to pensions for wealthier retirees, Greens leader Richard Di Natale said negotiations on reintroducing indexation of the excise tax are underway. However, he said there will be no changes to taxes on superannuation in the life of the current government.

CORPORATES
AUSTRALIAN GREENS. AUSTRALIAN LABOR PARTY. AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET. LIBERAL PARTY OF AUSTRALIA. AUSTRALIAN TAXATION OFFICE

Boeing commits to local manufacturing

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Original article by Jared Lynch
The Australian Financial Review – Page: 24 : 18-Jun-15

Boeing has revealed plans for further capital investment in its manufacturing plant at Fisherman’s Bend in Melbourne. The plant’s 1,200-strong workforce makes components for the 777 and Dreamliner airplanes. Boeing intends to spend an additional $A70m on the facility, which the aircraft maker describes as essential to manufacturing of the Dreamliner.

CORPORATES
BOEING COMPANY. BOEING AEROSTRUCTURES AUSTRALIA. GM HOLDEN LIMITED. TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED. PORT OF MELBOURNE. QANTAS AIRWAYS LIMITED – ASX QAN. JETSTAR AIRLINES PTY LTD. GARUDA INDONESIA. AIR TAHITI NUI

Australian families are happy campers and ‘Grey Nomads’ are real

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

A Roy Morgan Single Source survey has found that 7.3 per cent of Australians aged 14+ who took a domestic holiday in the year to March 2015 opted for camping in a tent. Likewise, six per cent stayed in a caravan, campervan or motorhome, 34.1 per cent stayed with friends or relatives and 28.3 per cent stayed at a hotel or motel. The survey also shows that Australians under the age of 50 are more likely than their older counterparts to have stayed in a tent on their last holiday, and those in the 50+ age bracket are more likely to have stayed in a caravan or campervan.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Federation hands over red ribbon to Vicinity Centres

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Original article by Nick Lenaghan
The Australian Financial Review – Page: 37 : 18-Jun-15

Federation Centres shareholders will be asked to approve a change of name at its annual meeting in October 2015. The group, which recently merged with Novion Property Group, proposes to adopt the name Vicinity Centres, although its current logo will be retained. Meanwhile, Federation has advised that investors will receive a final distribution of $A0.085 per security for 2014-15.

CORPORATES
FEDERATION CENTRES – ASX FDC. NOVION PROPERTY GROUP. CHADSTONE SHOPPING CENTRE. EMPORIUM MELBOURNE

Mad Max or Tomorrowland? State of the Nation spotlights the changing Australian media landscape

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

On 17 June 2015, Roy Morgan Research CEO Michele Levine presented the latest State of the Nation Report, with a special in-depth look at the Australian media landscape. The report shows that Australians aged 14+ spend an average of 18.8 hours per week watching TV, 12.8 hours listening to radio, 3.4 hours reading newspapers or magazines. They also spend 17.9 hours using the internet, 13.4 hours of which is leisure usage. Michele Levine says the media industry is facing some big issues, and owners, buyers and businesses need to adapt – not only to reach fragmenting audiences, but to know exactly who they are reaching.

CORPORATES
ROY MORGAN RESEARCH LIMITED. NETFLIX INCORPORATED. FOXTEL MANAGEMENT PTY LTD. TEN NETWORK HOLDINGS LIMITED – ASX TEN. YOUTUBE INCORPORATED