Author: roymorgansocial

Yes campaign not separatism

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Original article by Paige Taylor, Rosie Lewis
The Australian – Page: 1 & 5 : 20-Sep-23

Indigenous leader Noel Pearson has rejected claims that the proposed Voice to parliament is about separatism. He argues that the ‘Yes’ campaign is about "bringing the country together" so that First Nations people can have their own identity, culture and languages while still taking their place in Australian society. Pearson added that Indigenous people will have a "special but not separate place in Australia" if the Voice referendum is passed, echoing the words of former prime minister John Howard in a speech on constitutional recognition in 2007. Pearson also emphasised that there will be no return to a policy of assimilation for Indigenous Australians.

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Elon Musk threatens to put Twitter behind a paywall

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Original article by Isabella Ward, Marissa Newman
The Age – Page: Online : 20-Sep-23

US billionaire Elon Musk has flagged the possibility of introducing a monthly subscription fee for all users of X, which was formerly known as Twitter. Musk raised the possibility of paywalling the popular social media site during a meeting with Elon Musk during a meeting with Israeli Prime Minister Benjamin Netanyahu at the corporate office of Tesla in California. Musk suggested that a subscription fee would deter so-called ‘bots’, as each automated account would require a separate payment method. It would also help to combat the problem of antisemitism and hate speech on the social media platform.

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X, TWITTER INCORPORATED

ANZ-Roy Morgan Consumer Confidence up 2.2pts to 79.8 – highest since late April

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Sep-23

ANZ-Roy Morgan Consumer Confidence rose 2.2pts to 79.8 in the week to 17 September; despite the increase, it has now spent a record 29 straight weeks below the mark of 80. Consumer Confidence is now 6.2pts below the same week a year ago (86.0), and 1.6 pts above the 2023 weekly average of 78.2. Consumer Confidence was up in New South Wales, Victoria and Western Australia, but down slightly in Queensland and South Australia. Now 20% of Australians (down 1ppt) say their families are ‘better off’ financially than this time last year, while 52% (down 3ppts) say their families are ‘worse off’ financially. Only 8% (up 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 34% (down 2ppts) expect ‘bad times’. Meanwhile, 19% (unchanged) of Australians say now is a ‘good time to buy’ major household items, while 53% (also unchanged) say now is a ‘bad time to buy’.

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

Nation stuck on grow slow: OECD

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Original article by Tom Dusevic
The Australian – Page: 1 & 4 : 20-Sep-23

The OECD still expects Australia to record GDP growth of 1.8 per cent in 2023, in line with its previous forecast. However, GDP growth is expected to be just 1.3 per cent in 2024. The OECD has also forecast that Australia’s headline inflation rate will fall to 3.2 per cent in 2024, down from 5.5 per cent in 2023. However, the Reserve Bank of Australia’s preferred measure of core inflation is forecast to rise to 5.9 per cent in 2023 before falling to 3.3 per cent next year. Meanwhile, the minutes from the RBA’s monthly board meeting shows that board members considered lifting the cash rate to 4.35 per cent in September, due to concerns about inflation

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ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, RESERVE BANK OF AUSTRALIA

New Hope cautious as China lifts coal ban

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Original article by Nick Evans
The Australian – Page: 13 & 16 : 20-Sep-23

New Hope Corporation has posted a net profit of $1.08bn for the year to 31 July, which is 11 per cent higher than previously. Underlying EBITDA was also up 11 per cent to $1.75bn, and revenue rose by 7.9 per cent. The coal miner has advised that it received an average realised price of $346.73 per tonne, a year-on-year increase of 23 per cent. New Hope sold just $79.6m worth of coal to Chinese buyers in its 2022-23 financial year, despite the removal of the ban on Australia coal imports; CEO Rob Bishop says New Hope will continue to prioritise its major customers in Japan and Taiwan.

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NEW HOPE CORPORATION LIMITED – ASX NHC

2.8 million New Zealanders now read newspapers and almost 1.7 million read magazines

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Sep-23

Roy Morgan has released its readership results for New Zealand’s newspapers and magazines for the 12 months to June 2023. The data shows that 2.76 million New Zealanders aged 14+ (65.8%) now read or access newspapers in an average 7-day period via print or online (website or app) platforms. In addition, 1.69 million New Zealanders aged 14+ (40.2%) read magazines, whether in print or online either via the web or an app. The New Zealand Herald is still the nation’s most widely-read publication, with a total cross-platform audience of 1,747,000 in the 12 months to June 2023 – almost five times as many as the second placed Dominion Post with a readership of 363,000. Meanwhile, New Zealand’s most widely read magazine is still the driving magazine AA Directions, which had an average issue readership of 338,000 during the year to June. These are the latest findings from the Roy Morgan New Zealand Single Source survey of 6,524 New Zealanders aged 14+ over the 12 months to June 2023.

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ROY MORGAN LIMITED

Moody’s warns on Fortescue executive churn

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Original article by Peter Ker
The Australian Financial Review – Page: 12 : 20-Sep-23

Ratings agency Moody’s has reaffirmed its ‘Ba1’ credit rating for iron ore miner Fortescue Metals Group. However, Moody’s has warned that the high level of turnover within Fortesue’s executive ranks in the last several years could adversely affect the company’s credit rating. The firm also notes that the high level of stock ownership by Fortescue chairman Andrew Forrest increases governance risks, while it adds that looming final investment decisions on five clean energy projects may put further pressure on Fortescue’s balance sheet.

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FORTESCUE METALS GROUP LIMITED – ASX FMG, MOODY’S INVESTORS SERVICE INCORPORATED

Sydney Swans are the most widely supported AFL club ahead of Collingwood, Brisbane and West Coast

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Sep-23

The Sydney Swans have again topped the annual Roy Morgan AFL supporter ladder with 1,344,000 supporters in 2023, an increase of 209,000 supporters (+18.4%) on a year ago. This is the largest increase for any AFL club over the last 12 months, and the Swans are still the only club with over one million supporters. The annual Roy Morgan AFL club supporters survey also shows that Collingwood is in second spot overall with 875,000 supporters, an increase of 169,000 (+23.9%) on a year ago; it is the largest increase of any Victoria-based club. A majority of 13 of the AFL’s 18 clubs experienced an increase in support over the last year. Meanwhile, more people than ever before – 9,625,000 – now express support for an AFL club, an increase of 681,000 (+7.6%) on a year ago, and up 2,276,000 (+31.0%) on four years ago in 2019, prior to the pandemic. In addition, there are 8,451,000 Australians who watched at least one AFL match on TV, up 706,000 (+9.1%) on a year ago and up by over one million (+13.9%) from 2019.

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ROY MORGAN LIMITED, AUSTRALIAN FOOTBALL LEAGUE, SYDNEY SWANS FOOTBALL CLUB, COLLINGWOOD FOOTBALL CLUB

Greens vow to keep fighting on housing as party takes aim at Labor’s help to buy scheme

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Original article by Paul Karp
The Guardian Australia – Page: Online : 13-Sep-23

The federal government’s Housing Australia Future Fund bill will be put to a final vote in the Senate on Wednesday, after the Greens agreed to back it in return for additional funding for public and community housing. The minor party abandoned its push to include a rent cap and freeze in the bill, but Greens leader Adam Bandt says this is still on its agenda. The government’s shared equity scheme is likely to be the Greens’ next target in its bid to introduce a cap and freeze on rents.

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AUSTRALIAN GREENS

Treasury, Trade not consulted on Qatar call

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Original article by Dennis Shanahan, Geoff Chambers
The Australian – Page: 4 : 13-Sep-23

The federal government continues to attract scrutiny over its decision to reject Qatar Airways’ request for additional flights to Australia. Treasurer Jim Chalmers and Trade Minister Don Farrell have confirmed that their departments were not asked for advice from Transport Minister Catherine King regarding the request from Qatar Airways. King has stated that she had consulted "relevant ministers" before making the decision on 10 July. Shadow transport minister Bridget McKenzie has questioned why the Treasurer was not deemed to be a relevant minister. Prime Minister Anthony Albanese and Foreign Minister Penny Wong have also stated that they were not consulted until after the decision had been made.

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QATAR AIRWAYS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET