Author: roymorgansocial

ANZ-Roy Morgan Consumer Confidence Back to Recent Highs

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 16-Jun-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rise by 2.1 per cent to 114.5 in the week ended 14 June 2015, reversing the falls in the previous three weeks. Confidence now stands above the long-run average and just a touch below the post-Federal Budget reaction. The sub-index for households’ finances in the next year has risen by 3.6 per cent, while the sub-index for expectations of the economic outlook in the next year rose by 4.1 per cent.

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

Slash company tax rate, CSL urges

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Original article by Joanna Mather
The Australian Financial Review – Page: 6 : 16-Jun-15

CSL’s CFO Gordon Naylor says the blood products group does not intend to reduce its manufacturing presence in Australia. However, he has conceded that CSL would have seriously considered building a $A500m plant in Australia if the nation’s 30 per cent corporate tax rate had been more competitive. CSL opted to build the facility in Switzerland, which has a company tax rate of 18 per cent. CSL has suggested that Australia adopt a tax rate of 10 per cent for advanced manufacturers.

CORPORATES
CSL LIMITED – ASX CSL, CORPORATE TAX ASSOCIATION, MINERALS COUNCIL OF AUSTRALIA, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Metcash sinks auto sale proceeds into groceries

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 16-Jun-15

Australian-listed Burson Group will pay $A275m for Metcash’s automotive division, whose brands include Autobarn and Midas. The proceeds of the transaction will be used to bolster Metcash’s balance sheet and invest in its grocery business. Meanwhile, Metcash’s 2014-15 underlying net profit was down 17.4 per cent at $A193m, and it has posted a net loss of $A384.2m. EBIT was 16.7 per cent lower at $A325.1m.

CORPORATES
METCASH LIMITED – ASX MTS, BURSON GROUP LIMITED – ASX BAP, AUTOBARN PTY LTD, MIDAS MUFFLERS, AUTOPRO SERVICES PTY LTD, INDEPENDENT GROCERS OF AUSTRALIA, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DEUTSCHE BANK AG

Shoes of Prey steps away to LA

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Original article by Caitlin Fitzsimmons
The Australian Financial Review – Page: 37 : 16-Jun-15

Online retailer Shoes of Prey will pursue growth in markets such as Asia, Europe and the Middle East, according to co-founder Jodie Fox. However, the US is the Australian company’s primary target for expansion, and as a result it will relocate to Los Angeles. Shoes of Prey’s three co-founders and 20 employees will move to the US, while a number of employees will continue work out of the Sydney office.

CORPORATES
SHOES OF PREY PTY LTD, NORDSTROM INCORPORATED, DAVID JONES LIMITED

Pockets full of dollars: M&A rise for Japan

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Original article by James Eyers
The Australian Financial Review – Page: 17 : 16-Jun-15

Corporate Japan is becoming increasing active in global mergers and acquisitions in 2015. Data from Dealogic shows that the value of such deals has topped $US50bn to date. The CEO of ANZ Bank’s Japanese operations, Peter Davis, expects the nation’s financial services providers to seek further acquisition opportunities in Australia. Meanwhile, he notes that relatively few Australian companies are pursuing growth in Japan.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DEALOGIC HOLDINGS PLC, TOKIO MARINE AND FIRE INSURANCE COMPANY LIMITED, HCC INSURANCE, TOLL HOLDINGS LIMITED, JAPAN POST COMPANY LIMITED, THE DAI-ICHI MUTUAL LIFE INSURANCE COMPANY LIMITED, TAL LIMITED, NIPPON LIFE INSURANCE COMPANY LIMITED, DBS GROUP HOLDINGS LIMITED, MITSUBISHI UFJ FINANCIAL GROUP INCORPORATED, MIZUHO BANK LIMITED, SUMITOMO MITSUI BANKING CORPORATION, LEND LEASE GROUP LIMITED – ASX LLC, MITSUI AND COMPANY LIMITED, SUMITOMO CORPORATION, MARUBENI CORPORATION, MITSUBISHI CORPORATION

Feeling unsafe joins economic fears: poll

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Original article by Greg Earl
The Australian Financial Review – Page: 4 : 16-Jun-15

The Lowy Institute for International Policy has released the findings of an opinion poll on issues such as national security and the Australian economy. Some 89 per cent of respondents identified Islamic State as the greatest security threat in the next 10 years. Meanwhile, 43 per cent expect solar power to be the nation’s main source of electricity within a decade. The proportion of respondents who are upbeat about the economic outlook has fallen from 86 per cent in 2009-10 to just 63 per cent.

CORPORATES
LOWY INSTITUTE FOR INTERNATIONAL POLICY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

ERA shares tank as prospects cut

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 16-Jun-15

Shares in Energy Resources of Australia (ERA) shed 25.4 per cent on 15 June 2015, closing at $A0.50. This followed a large sell-off in the previous trading session, after the uranium miner advised that it will not proceed with the Ranger 3 Deeps expansion of its Ranger mine in the Northern Territory. Glyn Lawcock of UBS believes that there is almost no chance that ERA will resume mining at Ranger.

CORPORATES
ENERGY RESOURCES OF AUSTRALIA LIMITED – ASX ERA, UBS HOLDINGS PTY LTD, RIO TINTO LIMITED – ASX RIO, ROYAL BANK OF CANADA, PALADIN ENERGY LIMITED – ASX PDN

Murdoch tightens Ten grip

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Original article by Max Mason
The Australian Financial Review – Page: 1 & 8 : 16-Jun-15

Pay-TV group Foxtel will acquire a stake of around 15 per cent in the Ten Network, paying $A0.15 per share, which equates to about $A77m. Ten shareholders will also be offered additional stock at $A0.15, with the free-to-air broadcaster raising $A154m in total via the share placement. Meanwhile, Ten will take a 24.99 per cent stake in Foxtel’s Multi Channel Network advertising sales company, which will in turn merge with Ten’s advertising department.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, FOXTEL MANAGEMENT PTY LTD, MULTI CHANNEL NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, REA GROUP LIMITED – ASX REA, SKY PLC, 20TH CENTURY FOX INCORPORATED, FOX SPORTS AUSTRALIA PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, SMI MEDIA INCORPORATED

Amcom, Vocus beat TPG to win merger vote

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Original article by David Ramli
The Australian Financial Review – Page: 8 : 16-Jun-15

TPG Telecom’s ploy to block a merger between Amcom Telecommunications and Vocus Communications by building a 19.9 per cent stake in the former has failed. The $A1.2bn deal was endorsed by Amcom shareholders on 15 June 2015, with more than 90 per cent of proxy votes backing the deal. Vocus CEO James Spenceley notes that more than 97 per cent of shareholders turned out to vote on the merger. TPG will emerge with a stake of about nine per cent in the merged entity.

CORPORATES
TPG TELECOM LIMITED – ASX TPM, AMCOM TELECOMMUNICATIONS LIMITED – ASX AMM, VOCUS COMMUNICATIONS LIMITED – ASX VOC, TELSTRA CORPORATION LIMITED – ASX TLS, SINGTEL OPTUS PTY LTD

More cars on the road…but fewer accidents

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

A Roy Morgan Single Source survey has found that the number of motorists on Australian roads has risen from 13.3 million to 15.9 million over the last decade. However, the proportion of motorists who have reported having at least one accident while driving in the previous five years has fallen from 20.8 per cent in the year to March 2005 to 19.1 per cent in the year to March 2015. Tasmania was the only state with a marked increase in the proportion of motorists who had at least one accident in the previous five years, rising from 19 per cent to 23.8 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, WESTERN AUSTRALIA. OFFICE OF ROAD SAFETY