Author: roymorgansocial

‘Zero-down’ finance heats up solar rivalry

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 6-Mar-15

AGL and Origin Energy are expanding their solar energy divisions. AGL is launching an offer of a solar panel installed for free, with a fixed monthly fee payable for a minimum amount of solar power. The company says "power purchase agreements" are very popular in overseas markets. Origin Energy is already running a similar program in Adelaide

CORPORATES
AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, SUNGEVITY AUSTRALIA PTY LTD, SUNPOWER CORPORATION

Budget deficits for 40 years

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 6-Mar-15

The Australian Government’s Intergenerational Report forecasts that the nation’s population will rise from 23.9 million to 39.7 million over the next four decades. It also forecasts that Australians will live longer, with more than 40,000 people over the age of 100 by 2055, while the workforce participation rate of people aged 65+ will rise and there will be fewer people under the age of 65 in the workforce. Treasurer Joe Hockey has used the release of the report to warn that Australia faces decades of Budget deficits unless policy reforms are implemented

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, MIGRATION COUNCIL OF AUSTRALIA

Another 9m homes needed by 2055

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Original article by Rebecca Thistleton
The Australian Financial Review – Page: 34 : 6-Mar-15

The Australian Government’s Intergenerational Report forecasts that the nation’s population will top 39.7 million in 2055. This will require the construction of an additional nine million residential dwellings over the next four decades. Graham Wolfe of the Housing Industry Association has called for government action to make more land available for residential development and measures to improve the planning process

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED, URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED

BHP wants carbon rules clarity

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Original article by Amanda Saunders
The Australian Financial Review – Page: 15 : 6-Mar-15

BHP Billiton intends to spend more on low-emission technologies, but the group wants more clarity on climate change policy. Fiona Wild, BHP’s head of climate change, says the challenge is to make carbon capture and storage technologies financially viable. Such initiatives are important, but fossil fuels will retain their central place in energy generation

CORPORATES
BHP BILLITON LIMITED – ASX BHP

PwC woos lawyers with its promise of growth

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Original article by Katie Walsh
The Australian Financial Review – Page: 33 : 6-Mar-15

Australian accounting firm PricewaterhouseCoopers is continuing to recruit lawyers for its legal practice. The firm is targeting the corporate advisory, tax, workplace relations, projects and finance, and regulatory sectors of the legal market. The legal practice is headed by former King & Wood Mallesons partners Tony O’Malley and Tim Blue. Other major accounting firms are also expanding into legal services

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, KING AND WOOD MALLESONS, MALLESONS STEPHEN JAQUES, TELSTRA CORPORATION LIMITED – ASX TLS, GILBERT AND TOBIN LAWYERS, KPMG AUSTRALIA PTY LTD, MADDOCKS LAWYERS, DELOITTE LAWYERS PTY LTD, AUSTRALIA. BOARD OF TAXATION

CSL could be the next to reach the dizzy heights of $100 a share

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Original article by Misa Han
The Australian Financial Review – Page: 22 : 6-Mar-15

Shares in CSL are trading at $A92.18, and there is speculation that the stock will breach the $A100 level. Goldman Sachs is among the CSL bulls, with a share price target of $A107, although the average 12-month share price target of analysts polled by Bloomberg is just $A90.23. CSL shares rose above $A100 in September 2007, although the group then opted for a stock split. Wilson HTM Investment Group says it could do so again if the stock reaches $A100

CORPORATES
CSL LIMITED – ASX CSL, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, BLOOMBERG LP, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, RIO TINTO LIMITED – ASX RIO, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, DEUTSCHE BANK AG, SONIC HEALTHCARE LIMITED – ASX SHL, RESMED INCORPORATED – ASX RMD, HEALTHSCOPE LIMITED – ASX HSO, ANSELL LIMITED – ASX ANN, NIB HOLDINGS LIMITED – ASX NHF, RAMSAY HEALTH CARE LIMITED – ASX RHC, COCHLEAR LIMITED – ASX COH, MEDIBANK PRIVATE LIMITED – ASX MPL, STANDARD AND POOR’S ASX 200 INDEX

Hedge funds line up takeover targets

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Original article by Bianca Hartge-Hazelman
The Australian Financial Review – Page: 23 : 6-Mar-15

Regal Funds Management’s Julian Barbarczy says a number of factors could result in higher-than-average mergers and acquisitions activity in Australia during 2015. He stresses that investors should decide to buy a stock after considering a range of factors rather than just its potential to become a takeover target. Recent strong share price gains have prompted speculation that suitors could soon be circling stocks such as Treasury Wine Estates, DUET Group, Syrah Resources, Challenger, Qube Holdings and Sirius Resources

CORPORATES
REGAL FUNDS MANAGEMENT PTY LTD, TREASURY WINE ESTATES LIMITED – ASX TWE, DUET GROUP – ASX DUE, SYRAH RESOURCES LIMITED – ASX SYR, CHALLENGER LIMITED – ASX CGF, QUBE HOLDINGS LIMITED – ASX QUB, SIRIUS RESOURCES NL – ASX SIR, CLIME ASSET MANAGEMENT PTY LTD, PM CAPITAL LIMITED, STANDARD AND POOR’S ASX 200 INDEX, TELSTRA CORPORATION LIMITED – ASX TLS, LIVEWIRE MARKETS, SPARK INFRASTRUCTURE GROUP – ASX SKI, APA GROUP – ASX APA, TOLL HOLDINGS LIMITED – ASX TOL, ASCIANO LIMITED – ASX AIO

Macquarie seals $5.1b aircraft deal

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Original article by Joyce Moullakis
The Australian Financial Review – Page: 23 & 27 : 5-Mar-15

Australian-listed Macquarie Group will partially finance the acquisition of an aircraft fleet via a $A500m capital raising. The group will pay $US4bn ($A5.1bn) for the fleet of 90 passenger airplanes, which were sold by the Canada Pension Plan Investment Board and Terra Firma. Macquarie’s aircraft leasing business has made a number of acquisitions in recent years, and now boasts a fleet of 220 aircraft

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, TERRA FIRMA CAPITAL PARTNERS LIMITED, CANADA PENSION PLAN INVESTMENT BOARD, MACQUARIE AIRFINANCE LIMITED, SUMITOMO MITSUI FINANCIAL GROUP INCORPORATED, ROYAL BANK OF SCOTLAND GROUP PLC, MORGAN STANLEY AND COMPANY INCORPORATED, AWAS AVIATION CAPITAL LIMITED, ARNHEM INVESTMENT MANAGEMENT PTY LTD, BOEING COMPANY, AIRBUS SAS, DEALOGIC (AUSTRALIA) PTY LTD, AIRLINE BUSINESS, GENERAL ELECTRIC COMPANY, GENERAL ELECTRIC CAPITAL AVIATION SERVICES, AERCAP HOLDINGS NV, BOEING CAPITAL CORPORATION, QANTAS AIRWAYS LIMITED – ASX QAN, AIR FRANCE SA, ETIHAD AIRWAYS, AMERICAN INTERNATIONAL GROUP INCORPORATED

Barclays Bank firing up in Australia

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Original article by Aaron Patrick
The Australian Financial Review – Page: 27 : 5-Mar-15

UK-based Barclays Bank intends to significantly expand its presence in Australia’s investment banking industry. It will target sectors such as health and aged care, resources and agribusiness. Barclays boasts a market capitalisation of Stg43bn, and its assets totalled Stg1.3trn ($A2.5trn) at the end of 2013. It has just 100 employees in Australia, and a global workforce of more than 139,000

CORPORATES
BARCLAYS BANK PLC, MACQUARIE CAPITAL PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, DEUTSCHE BANK AG, RAMSAY HEALTH CARE LIMITED – ASX RHC, CREDIT AGRICOLE SA, PORT OF MELBOURNE, LEHMAN BROTHERS INCORPORATED, LONDON STOCK EXCHANGE, SOUTH32 LIMITED, BHP BILLITON LIMITED – ASX BHP, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Ley rules out bulk-billing means test

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Original article by Joanna Heath
The Australian Financial Review – Page: 15 : 5-Mar-15

The Australian Government has decided not to introduce a $A5 GP co-payment. Health Minister Sussan Ley is now looking for other cost-cutting options, although she has ruled out the means-testing of bulk-billing. The matter will be discussed at a meeting of Ley and Prime Minister Tony Abbott with Australian Medical Association president Brian Owler

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HEALTH, AUSTRALIAN MEDICAL ASSOCIATION LIMITED