Author: roymorgansocial

Roy Morgan Business Confidence up 3.3pts to 90.4 in October – before the RBA raised interest rates again to 4.35%

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Nov-23

In October 2023, Roy Morgan Business Confidence was 90.4 (up 3.3pts since September). Business Confidence has now spent a record nine consecutive months below the neutral level of 100, the longest stretch in negative territory in the history of the index dating back over a decade to 2010. Business Confidence is now 21.1pts below the long-term average of 111. A majority of businesses are worried about the performance of the Australian economy, with 56.5% expecting ‘bad times’ for the economy over the next year, while 58.2% expect ‘bad times’ for the economy over the next five years. Nevertheless, businesses remain relatively positive about their own prospects over the next year, with 40.1% saying they will be ‘better off’ financially this time next year, compared to only 29.2% that say they will be ‘worse off’ – a positive net rating of 10.9% points and the only index in positive territory.

CORPORATES
ROY MORGAN LIMITED

AUKUS deal a target for hackers: spy agency

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Original article by Ben Packham
The Australian – Page: 2 : 15-Nov-23

The Australian Signals Directorate has advised that it was notified of some 94,000 cyber crimes during 2022-23, which is 23 per cent higher than the previous financial year. The ASD responded to 1,100 of the most serious incidents, including three that extensive compromised government or critical infrastructure systems. The ASD has also warned that the AUKUS nuclear-powered submarine alliance is likely to make the defence sector a key target for state-sponsored hackers.

CORPORATES
AUSTRALIAN SIGNALS DIRECTORATE

Foreign investment urgent for critical minerals: King

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Original article by Tom McIlroy
The Australian Financial Review – Page: 6 : 15-Nov-23

Resources Minister Madeleine King will use a speech at a rare earth conference to emphasis the strategic importance of Australia’s critical minerals to global supply chains and the energy transition. She will also stress the need for foreign investment in the nation’s rare earths and critical minerals sector. The federal government recently announced plans to increase funding for its Critical Minerals Facility to $4bn, as part of its strategy to reduce global reliance on China for minerals such as lithium and cobalt.

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY, SCIENCE AND RESOURCES

Israel using a non-existing right, says UN

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Original article by Jess Malcolm, Joe Kelly
The Australian – Page: 5 : 15-Nov-23

The United Nations’ Special Rapporteur for the Palestinian territories, Francesca Albanese, addressed the National Press Club in Canberra on Tuesday. She contended that Israel has no right to self-defence in retaliation for the 7 October terrorist attacks because Hamas is an "armed group" within Israeli-occupied territory rather than another state. Albanese also accused Israel of committing war crimes in Gaza and said that Western countries such as Australia are "almost completely paralysed" in response to the war.

CORPORATES
UNITED NATIONS, NATIONAL PRESS CLUB (AUSTRALIA)

Glencore captures Teck Resources’ coal operations in $14bn deal

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Original article by Nick Evans
The Australian – Page: 15 : 15-Nov-23

Glencore CEO Gary Nagle expects its $US8.9bn ($14bn) deal to acquire a majority stake in Teck Resources’ coking coal business to be finalised in the September 2024 quarter. Glencore will own 77 per cent of Elk Valley Resources if the deal is approved by Canadian regulators, while steelmakers Nippon Steel and Posco will be minority shareholders. Glencore is still proposing to demerge its coal division, which would include the Elk Valley mines as well as Glencore’s coal mines in Australia; Nagle says the process of hiving off the coal assets is likely to take about two years. Teck will in turn focus on copper and nickel production.

CORPORATES
GLENCORE PLC, TECK RESOURCES LIMITED, ELK VALLEY RESOURCES LIMITED, NIPPON STEEL CORPORATION, POSCO

Bendigo Bank, AustralianSuper, PayPal and NRMA Insurance are Australia’s most trusted finance and insurance brands

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Nov-23

The Roy Morgan Trusted Brand Awards for 2023 in the key finance and insurance categories have been presented to Bendigo Bank, PayPal, AustralianSuper, NRMA Insurance and HBF. Other finalists in these categories included the Commonwealth Bank, ING, American Express, QSuper, Australian Ethical and insurance brands RAC, RACQ, HCF and Bupa. The Roy Morgan Trusted Brand Awards bring together outstanding companies and brands from across a range of industries to celebrate and recognise the unmatched levels of trust these organisations hold when compared to their competitors in their respective categories.

CORPORATES
ROY MORGAN LIMITED, BENDIGO BANK, PAYPAL AUSTRALIA PTY LTD, AUSTRALIANSUPER PTY LTD, NRMA LIMITED, HBF HEALTH LIMITED

Bunnings, Kmart and Samsung are Most Trusted Brands in Retail and Consumer Products for 2023

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Original article by Roy Morgan
Market Research Update – Page: Online : 15-Nov-23

Roy Morgan has presented the annul Roy Morgan Trusted Brand Awards for 2023 in the retail and consumer products industries. Hardware brand Bunnings has had a second consecutive victory as the ‘Most Trusted Retail Brand’ in Australia. The ‘Most Trusted Brand in Department & Discount Department Stores’ has been won by Kmart, also repeating its success of a year earlier. South Korea-based multinational Samsung has recorded its second straight victory in the ‘Most Trusted Consumer Products Brand’ category, while Apple is the ‘Most Trusted Technology Brand’ for a second consecutive year. Australia’s largest supermarket chain Woolworths has triumphed once again as the ‘Most Trusted Supermarket Brand’ as well as the ‘Best of the Best’ Most Trusted Brand in Australia for 2023.

CORPORATES
ROY MORGAN LIMITED

Domain portal a business in trouble with declining market share, Catalano says

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Original article by Cameron England
The Australian – Page: 17 : 15-Nov-23

Anthony Catalano’s View Media Group operates the view.com.au real estate listings business. Catalano sees Domain as View Media’s main rival, rather than REA Group’s realestate.com.au portal. He says the real estate sector is clearly moving towards a ‘one-portal market’ in the same way that employment and car sales are now largely dominated by one portal. Catalano adds that instead of trying to compete with REA, View Media is aiming to ‘own a consumer’ across different products, such as mortgages and insurance. He also believes that View Media poses a very serious threat to Domain; he is a former CEO of Domain.

CORPORATES
VIEW MEDIA GROUP PTY LTD, VIEW.COM.AU, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU

One sector pays more tax than all the rest combined

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Original article by Tom McIlroy
The Australian Financial Review – Page: 3 : 9-Nov-23

Data from the Australian Taxation Office shows that the federal government’s corporate tax receipts exceeded $83bn in 2021-22, compared with $68.2bn in the previous financial year. Companies in the mining, energy and water sector paid a total of $42.2bn in income tax for the year. ATO Deputy Commissioner Rebecca Saint says fiscal 2022 was the first year in which these sectors paid more tax than all other sectors combined. The ATO’s annual corporate tax transparency report also shows that 31 per cent of all companies paid no income tax for the financial year.

CORPORATES
AUSTRALIAN TAXATION OFFICE

Communication fail: Optus opts out

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Original article by Simon Benson, Joseph Lam, Jess Malcolm
The Australian – Page: 1 & 5 : 9-Nov-23

Communications Minister Michelle Rowland says Optus should have been upfront with its customers regarding the network outage that caused nationwide chaos on Wednesday. The Optus network went offline at about 4am, but the telco did not issue its first statement online until 6.45am and CEO Kelly Bayer Rosmarin did not make any public statements until 10.30am. Optus’s mobile network, internet and landline services were not fully restored until about 6pm. Bayer Rosmarin says the outage was caused by a "vey technical network engineering issue" and Optus technicians have yet to determine its cause; however, she has emphasised that it was not due to a botched network upgrade.

CORPORATES
SINGTEL OPTUS PTY LTD, AUSTRALIA. DEPT OF INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT, COMMUNICATIONS AND THE ARTS