Author: roymorgansocial

ALP support plunges after the defeat of The Voice Referendum: ALP 49.5% (down 4.5%) cf. L-NP Coalition 50.5% (up 4.5%)

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Original article by Roy Morgan
Market Research Update – Page: Online : 24-Oct-23

The L-NP Coalition would now win a Federal Election as ALP two-party preferred support plunged 4.5% to 49.5% and is now behind the L-NP Coalition on 50.5% (up 4.5%) after all six States voted against the proposed ‘Voice to Parliament’ at the nation-wide referendum on Saturday October 14, according to the latest Roy Morgan Poll taken in the first week after the referendum from Monday October 16 – Sunday October 22, 2023. This is the first time the Roy Morgan Poll shows the Coalition leading the Albanese Government on a two-party preferred basis since the Federal Election. Primary support for the ALP was down 3% to 32% and the Coalition increased 2% to 36%. Another 32% chose another party or independent, including the Greens on 14% and One Nation on 4.5%. The results are based on Roy Morgan surveying of a representative sample of 1,383 Australian electors. Further details on the Roy Morgan Poll on Federal Voting Intention, including the States, will be provided in Roy Morgan’s Market Research Update and Weekly Update Video.

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ROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Virgin ground crews set to strike over pay deal

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Original article by Ayesha de Kretser
The Australian Financial Review – Page: 3 : 24-Oct-23

The Transport Workers’ Union has applied to the Fair Work Commission to undertake a ballot on protected industrial action by Virgin Australia’s ground staff. The TWU’s assistant national secretary Nick McIntosh says Virgin has some of the lowest pay and conditions across the sector. The union has rejected Virgin’s proposed three-year wage deal, which includes a pay rise of between three per cent and 12.8 per cent in the first year, and three per cent in the following two years. Virgin’s cabin crew are also seeking a pay rise.

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VIRGIN AUSTRALIA HOLDINGS LIMITED, TRANSPORT WORKERS’ UNION, AUSTRALIA. FAIR WORK COMMISSION

Voice leaders pen rival letter of angst to Albanese

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Original article by Tom McIlroy
The Australian Financial Review – Page: 4 : 24-Oct-23

Some indigenous groups issued a 12-point open letter on Sunday in which they blamed the loss of the referendum on an Indigenous voice to parliament on "a shameful act" by Australian voters. However, not all Indigenous Voice advocates agreed with the blunt language used, and they are preparing to send their own private response to Prime Minister Anthony Albanese. It is understood that their letter will include significant criticism of the conduct of the Voice campaign and of interventions by leading No advocates including Opposition leader Peter Dutton and the Coalition’s Indigenous Australians spokeswoman Jacinta Nampijinpa Price.

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AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

TWE ready for China reopening

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Original article by Eli Greenblat
The Australian – Page: 15 : 24-Oct-23

China was Treasury Wine Estate’s biggest source of profit growth prior to the imposition of punitive tariffs on Australian imports in 2020. Treasury Wine Estates has advised that it is well-placed to rebuild this business if the Chinese government winds back its trade sanctions following its proposed review of the tariff on Australian wines. Treasury has indicated that it will allocate more of its flagship Penfolds brand to the Chinese market if the tariffs are removed, given that the brand had been highly popular with Chinese consumers.

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TREASURY WINE ESTATES LIMITED – ASX TWE

Power bill relief likely only if grid survives summer

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Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 24-Oct-23

Wholesale electricity prices are down as much as 70 per cent on a year ago, but Gavin Dufty from the St Vincent de Paul Society says he does not expect to see any easing in retail prices for households and small businesses until perhaps the start of the 2024-25 financial year. He says this is because most rates will have been locked in before July, while Josh Stabler from energy adviser Energy Edge says the 2023-24 summer is likely to be very hot, leading to possible record electricity consumption as a result of people using air conditioning.

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ST VINCENT DE PAUL SOCIETY, ENERGY EDGE

Lithium takeover talk ignites Pilbara targets

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 24-Oct-23

Chilean lithium company SQM looks set to acquire Pilbara lithium explorer Azure Minerals, which asked for a halt in trading of its shares on Monday ahead of a "potential change of control transaction". Most assume that SQM is the company being referred to, as it offered in July to pay $2.31 per share for Azure in a deal that valued it at close to $1 billion. It was the second deal involving SQM and the Pilbara on Monday, with SQM to pay Gary Morgan’s Haoma Mining $2.5 million for a stake in lithium exploration company Pirra, which is also looking in the area.

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SOCIEDAD QUIMICA Y MINERA SA, AZURE MINERALS LIMITED – ASX AZS, HAOMA MINING NL, PIRRA LITHIUM PTY LTD

Shoppers switching to cheaper brands as cost of living hits

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Original article by Matt Bell
The Australian – Page: 15 : 24-Oct-23

Research by Emarsys shows that the cost-of-living crisis has prompted 63 per cent of Australian consumers to buy cheaper brands, compared with 49 per cent of consumers globally. Emarsys CEO Joanna Milliken says consumers have become more focused on saving money rather than factors such as brand loyalty or sustainability. Milliken suggests that many consumers are likely to switch permanently to cheaper brands. Emarsys is an omnichannel subidiary of software group SAP; its survey comprised 2,000 consumers in Australia and 10,000 globally.

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EMARSYS, SAP AG

Israeli soldiers skirmish with Hamas inside Gaza amid air strikes

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Original article by Nidal al-Mughrabi, Dan Williams
The Age – Page: Online : 24-Oct-23

Israeli Defence Force soldiers have conducted raids on the besieged Palestinian enclave of Gaza, during which time they fought with Hamas militants. Israeli troops and tanks have massed near the southern end of Gaza for a possible ground invasion, while Israel struck hundreds of targets in Gaza from the air on Monday. Hamas stated it released two civilian female hostages, while it has fired more rockets into Israel. The Gaza health ministry claims at least 5,087 Palestinians have been killed in two weeks of air strikes, while the United Nations said people in Gaza are in desperate need of food, water and medicines, along with places to shelter. Meanwhile, Hamas has advised that it has released another two hostages, citing "humanitarian and poor health grounds".

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UNITED NATIONS

Indigenous groups say voice referendum unleashed a tsunami of racism

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Original article by Sarah Basford Canales
The Guardian Australia – Page: Online : 23-Oct-23

Indigenous groups who supported the Voice campaign have accused those who voted No of a "shameful act whether knowingly or not" in a 12-point statement issued after ending a week of silence in the wake of the referendum’s resounding defeat. The statement claimed that the level of disinformation and misinformation espoused by those against the Voice was so bad that it "unleashed a tsunami of racism against our people", and that Australia had chosen "to make itself less liberal and less democratic" as a result of voting No.

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Carbon rules could drag in commuters

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Original article by Patrick Durkin
The Australian Financial Review – Page: 1 & 10 : 23-Oct-23

Australia’s new accounting standards for carbon emissions will initially apply to large companies, before they are progressively rolled out to smaller businesses over three years. Jo Gorton from Deloitte notes that unlike some countries, the new Australian standards will not be restricted to listed companies. In addition, 15 categories of Scope 3 emissions will be covered by the new reporting regime; amongst other things, they include the emissions generated via business travel, employees commuting to work and ‘fly-in, fly-out’ workforces.

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DELOITTE TOUCHE TOHMATSU LIMITED