Author: roymorgansocial

Compromise deal on RET in the wind

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Original article by Joanna Heath
The Australian Financial Review – Page: 9 : 10-Mar-15

The Australian Government and industry bodies are expected to agree on a compromise arrangement for the Renewable Energy Target scheme. The new target of around 35,000 gigawatt hours by 2020 would stimulate investment in wind farms. Bloomberg estimates that the new target would result in 8.8 gigawatts of extra renewable energy capacity by 2021

CORPORATES
BLOOMBERG LP, CLEAN ENERGY COUNCIL LIMITED, AUSTRALIA. DEPT OF THE ENVIRONMENT, THE AUSTRALIAN INDUSTRY GROUP

Radio toasts advertising renaissance

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Original article by Dominic White
The Australian Financial Review – Page: 14 : 10-Mar-15

Data from Deloitte shows that advertising revenue for commercial radio stations in Australia’s five largest capital cities increased by 5.03 per cent during the first half of 2014-15. Australian Radio Network CEO Ciaran Davis attributes the rise to the defection of radio presenters Kyle and Jackie O. Commonwealth Bank media analyst Alice Bennett says the lower cost of radio advertising compared with TV was a key factor

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, AUSTRALIAN RADIO NETWORK PTY LTD, KIIS1065, APN NEWS AND MEDIA LIMITED – ASX APN, 2DAY FM AUSTRALIA PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMERCIAL RADIO AUSTRALIA LIMITED, NOVA ENTERTAINMENT PTY LTD, FAIRFAX RADIO NETWORK PTY LTD, FAIRFAX MEDIA LIMITED – ASX FXJ, MACQUARIE RADIO NETWORK LIMITED – ASX MRN, COMMERCIAL ECONOMIC ADVISORY SERVICE OF AUSTRALIA, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD

Australian dollar could plummet below US60c: Credit Suisse

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Original article by Karen Maley
The Australian Financial Review – Page: 11 & 17 : 10-Mar-15

The Australian dollar was buying $US0.7693 late in trading on 9 March 2015, and Ric Deverell of Credit Suisse is bearish about the currency’s outlook. He expects the dollar to fall below the $US0.70 level, and warns that it could potentially fall below $US0.60. He cites factors such as the prospect of monetary policy tightening in the US later in 2015, which will in turn discourage the carry trade. Deverell is also upbeat about the Australian economy, noting that it is still relatively strong

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. FEDERAL RESERVE BOARD

Multibrand strategy baffles bank customers

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Original article by James Eyers
The Australian Financial Review – Page: 15 : 10-Mar-15

A Customer Owned Banking Association (COBA) submission to the financial system inquiry criticised Australia’s major banks for failing to adequately disclose their ownership of multibrands. A survey carried out by Essential Research on behalf of COBA found that nearly 75 per cent of respondents said the banks fail to do so, while more than 50 per cent were not sure which bank owns sub-brands such as Bank of Melbourne or Bankwest

CORPORATES
CUSTOMER OWNED BANKING ASSOCIATION, BANK OF MELBOURNE LIMITED, BANK OF WESTERN AUSTRALIA LIMITED, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, ST GEORGE BANK LIMITED, BANK OF SOUTH AUSTRALIA LIMITED, UBANK, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, GROWTH SOLUTIONS GROUP PTY LTD, ONEPATH AUSTRALIA LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Unions want more say on Labor leader

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 10-Mar-15

The Australian Labor Party’s rules for electing a federal leader will come under scrutiny at its triennial National Conference in July 2015. Ex-prime minister Kevin Rudd gained caucus approval in mid-2013 for changes which gave caucus and Labor’s rank-and-file members an equal say in the selection of a new party leader. However, the Transport Workers’ Union wants further changes which would give union members an equal vote in selecting a party leader. The push is supported by the Rail, Tram & Bus Union

CORPORATES
AUSTRALIAN LABOR PARTY, TRANSPORT WORKERS’ UNION, AUSTRALIAN RAIL, TRAM AND BUS INDUSTRY UNION, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION

Retailers urged to grill recalcitrant or disloyal shoppers

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Original article by Sue Mitchell
The Australian Financial Review – Page: 13 : 10-Mar-15

AT Kearney estimates that corporate expenditure on "big data" will top $US114bn ($A147.6bn) by 2018. However, AT Kearney principal Ian St-Maurice notes that most companies are not satisfied with the return on this investment. St-Maurice says retailers such as Coles and Woolworths should focus on improving their service to customers who shop at their stores regularly, and suggests supplementing big data with consumer surveys and focus groups, particularly for people who shop elsewhere

CORPORATES
AT KEARNEY INCORPORATED, WOOLWORTHS LIMITED – ASX WOW, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, MYER HOLDINGS LIMITED – ASX MYR

Keating: don’t kill super

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Original article by Jacob Greber, Joanna Mather
The Australian Financial Review – Page: 1 & 6 : 10-Mar-15

Former prime minister Paul Keating says it would be irresponsible to allow young Australians to use their superannuation savings to buy their first home. Such a move, in his view, would destroy the superannuation system. Both Prime Minister Tony Abbott and Treasurer Joe Hockey believe that the idea of using super to finance the purchase of one’s first home is worth considering

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, LIBERAL PARTY OF AUSTRALIA, THE CENTRE FOR INDEPENDENT STUDIES LIMITED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, AUSTRALIAN COUNCIL OF SOCIAL SERVICE, FAIRFAX MEDIA LIMITED – ASX FXJ

Virgin predicts lag before revival

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Original article by Matt O’Sullivan
The Australian Financial Review – Page: 15 : 6-Mar-15

Virgin Australia Holdings CEO John Borghetti says it will take some time for a lower Australian dollar to stimulate growth in the number of foreign tourists. The full impact is most likely to be experienced in the second half of 2015. The airline is expanding its regional routes. From 25 May 2015, Virgin will offer six flights a week between Sydney and Tamworth

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, SKYWEST AIRLINES LIMITED, QANTASLINK, QANTAS AIRWAYS LIMITED – ASX QAN, ALLIANCE AVIATION SERVICES LIMITED – ASX AQZ, SKYTRANS AIRLINES, BRINDABELLA AIRLINES, VINCENT AVIATION (AUSTRALIA) PTY LTD

Supermarkets cut to the chase

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Original article by Sue Mitchell
The Australian Financial Review – Page: 16 : 6-Mar-15

Australian supermarket groups’ food and liquor sales were 0.7 per cent lower in January 2015. The sector recorded sales growth of just 2.2 per cent in year-on-year terms. Meanwhile, the four major grocery retailers all plan to open new stores in 2015, prompting analysts to warn that the new stores will gain sales at the expense of established stores. Aggressive price discounting due to slowing consumer spending is also adversely affecting the supermarket chains’ margins

CORPORATES
COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, ALDI STORES SUPERMARKETS PTY LTD, METCASH LIMITED – ASX MTS, INDEPENDENT GROCERS OF AUSTRALIA, MORGAN STANLEY AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, LIDL GMBH & CO KG

Sights, sea and snow: Australia’s top family holiday picks

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Mar-15

A Roy Morgan Single Source survey has found that 46 per cent of Australian families would like to holiday in Queensland in the next two years. The survey, which was carried out in the year to December 2014, also shows that 45 per cent of Australian families favour Victoria as a domestic holiday destination, followed by New South Wales (43 per cent). Meanwhile, 25 per cent of families would like to visit Melbourne, while 14 per cent favour holidaying in Sydney

CORPORATES
ROY MORGAN RESEARCH LIMITED