Author: roymorgansocial

Seven kicks a goal with Matildas’ Cup victory

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Original article by Sophie Elsworth
The Australian – Page: 3 : 9-Aug-23

The FIFA Women’s Wold Cup continues to be a ratings boon for the Seven Network. Data from OzTAM shows that Seven’s broadcast of the Matildas’ win against Denmark on Monday night attracted 3.248 million viewers nationwide, plus an additional 385,000 via its 7plus streaming platform. The Matildas’ 2-0 win to advance to the quarter-finals has become the most-watched program in Australia so far in 2023; the recent must-win match against Canada boasted an average audience of 2.42 million viewers. Seven has the free-to-air rights to 15 World Cup matches, with Optus Sport holding the rights to all 64 matches in the tournament.

CORPORATES
SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, 7PLUS, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, MATILDAS, OPTUS SPORT

Push for Cup public holiday alarms business

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 9-Aug-23

Australian Industry Group CEO Innes Willox is among the business leaders who have expressed concern about a proposal for a public holiday if the Matildas win the FIFA Women’s World Cup. He says businesses will face additional costs at a time when the economy is already under pressure. Prime Minister Anthony Albanese intends to raise the issue of a public holiday at the national cabinet meeting next week, and is confident that state and territory leaders will support the proposal. The World Cup final will be held in Sydney on 20 August.

CORPORATES
FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, MATILDAS, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Voice ‘won’t fill heritage law void’

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Original article by Paige Taylor, Paul Garvey
The Australian – Page: 1 & 4 : 9-Aug-23

Western Australian Premier Roger Cook has apologised for his government’s ill-fated Aboriginal Cultural Heritage Act, which will be repealed just five weeks after taking effect. He concedes that the controversial laws had "unintentionally caused stress, confusion and division in the community". Cook adds that the intent of the legislation was to "prevent another Juukan Gorge", but the government had got the balance wrong. WA will revert to the 1972 cultural heritage laws, which will be amended to include provisions such as giving traditional owners the right of appeal. Meanwhile, Indigenous leader Tom Calma says the proposed Voice to parliament will have a federal focus and will not advise on state cultural heritage issues unless a state approaches it for such advice.

CORPORATES
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

ABC defamation bill hits $1.9 million over four years

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Original article by Calum Jaspan
The Age – Page: Online : 9-Aug-23

The ABC has disclosed its legal costs arising from defamation actions in recent years. Documents filed with the federal government show that the ABC spent $1.94m on legal costs over the four years to 2022-23. This includes legal settlements totalling $753,450 in 2020-21 and 2021-22, and external costs of $1.2m for the two financial years. However, the figures exclude data for the 2019-20 and 2022-23 financial years, as the public broadcaster was only required to disclose its legal costs for years in which there were three or more settlements.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION

Labor’s left turn on Israel

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Original article by Ben Packham
The Australian – Page: 1 & 5 : 9-Aug-23

The federal government has revealed a change in its official policy on Israel ahead of Labor’s upcoming national conference in Brisbane. A caucus meeting endorsed the policy change on Tuesday, with Labor to now recognise the West Bank and Gaza as ‘Occupied Palestinian Territories’; Israeli settlements will in turn be described as ‘illegal’ under international law. Foreign Minister Penny Wong says the policy shift is in line with previous federal governments and UN Security Council resolutions, while she adds that Australia remains a "committed friend of Israel". Labor has previously reversed the former Coalition government’s decision to recognise West Jerusalem as Israel’s capital.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Goldman steels for iron ore slide into bear market

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Original article by Alex Gluyas
The Australian Financial Review – Page: 27 : 9-Aug-23

Iron ore futures in Singapore have fallen to below $US99 per tonne, down from a cyclical high of $US114.95 per tonne in July. Goldman Sachs expects the decline to be sustained, forecasting that the iron ore price will fall by another 12 per cent to $US90/tonne in the second half of 2023. Nicholas Snowdon of Goldman Sachs says factors such as lower steel production in China and an increase in global iron ore supply will result in a 68 million tonne surplus of the steel input in the six months to 31 December.

CORPORATES
THE GOLDMAN SACHS GROUP INCORPORATED

Gas not transitional but a ‘forever fuel’, Chevron exec declares

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Original article by Colin Packham
The Australian – Page: 17 : 9-Aug-23

Chevron executive Jeff Gustavson says the US oil and gas company is investing in new energy sources such as hydrogen. However, Chevron’s president of new energies emphasises that gas will continue to play a key role in the energy mix; he contends that it is a "forever fuel" rather than a transition fuel. Gustavson has also emphasised the importance of carbon capture and storage, and says Australia needs to embrace the technology in order to meet its carbon emission reduction targets.

CORPORATES
CHEVRON CORPORATION

ANZ-Roy Morgan Consumer Confidence drops 3.4pts to 75.0 – as perceptions of personal finances deteriorate

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Original article by Roy Morgan
Market Research Update – Page: Online : 9-Aug-23

ANZ-Roy Morgan Consumer Confidence fell 3.4pts to 75.0 in the week to 6 August, fully erasing the gains of the previous week. Consumer Confidence has now spent a record 23 straight weeks below the mark of 80, beating the all-time record of five months from September 1990 to January 1991 when the index was conducted on a monthly rather than a weekly basis. Consumer Confidence is now 5.3pts below the same week a year ago (80.3), and 3.2pts below the 2023 weekly average of 78.2. Consumer Confidence was down in all five mainland States. Now 17% of Australians (down 3ppts) say their families are ‘better off’ financially than this time last year, while a new record high majority of 57% (up 4ppts) say their families are ‘worse off’ financially. Some 28% (down 5ppts) of Australians now expect their family to be ‘better off’ financially this time next year, while 38% (up 4ppts) expect to be ‘worse off’ financially. Only 6% (down 1ppt) of Australians now expect ‘good times’ for the Australian economy over the next 12 months, while 38% (unchanged) expect ‘bad times’. Meanwhile, 19% (down 2ppts) of Australians say now is a ‘good time to buy’ major household items, while 54% (unchanged) say now is a ‘bad time to buy’.

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

Most loved Matildas smash Ashes

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Original article by Zoe Samios
The Australian Financial Review – Page: 3 : 2-Aug-23

More than 2.4 million Australians watched the Matildas defeat Canada to advance to the next round of the FIFA Women’s World Cup on Monday night. The match, which was broadcast by the Seven Network and on its 7Plus streaming service, was the first women’s sporting event in Australia to attract an average TV audience of more than two million. The match also had a total reach of 4.7 million viewers, which comprises people who watch at least one minute of content on TV or 15 seconds online. In contrast, the Nine Network’s coverage of the first session of the final day of the fifth Ashes Test attracted just 926,000 viewers; an average of 1.2 million viewers watched later sessions of the match.

CORPORATES
MATILDAS, FEDERATION INTERNATIONALE DE FOOTBALL ASSOCIATION, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC

Lowe: we are on way to taming inflation

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Original article by Patrick Commins
The Australian – Page: 1 & 4 : 2-Aug-23

Treasurer Jim Chalmers says the Reserve Bank of Australia’s decision to leave the cash rate unchanged at 4.1 per cent on Tuesday will be a "welcome reprieve" for people who are "doing it tough". He adds that while inflation is falling, it is still too high. RBA governor Philip Lowe has also acknowledged that consumer price growth remains too high, but says the recent data is consistent with inflation returning to the target range of 2-3 per cent over time. Lowe adds that a second successive pause will give the RBA more time to assess the impact of the rate rises to date, as well as the economic outlook.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA