Author: roymorgansocial

PM drives $1bn tech fund

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Original article by Geoff Chambers
The Australian – Page: 1 & 7 : 10-Nov-21

The federal government will establish a low-emissions technology commercialisation fund as part of its push for carbon neutrality by 2050. The $1bn fund will investment in Australian start-ups and businesses that are focused on emerging technologies such as carbon capture and storage. The government will contribute $500m to the fund, and it will seek a matching contribution from the private sector. Prime Minister Scott Morrison has also launched a new strategy aimed at encouraging Australians to buy electric vehicles; he had criticised Labor’s proposed target for annual electric car sales during the 2019 election campaign.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Australia well-positioned to supply critical US minerals

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Original article by Matthew Cranston
The Australian Financial Review – Page: 25 : 10-Nov-21

The US Geological Survey has added nickel to its list of critical minerals. Australia is poised to benefit from this move, given that the nation accounts for 24 per cent of global nickel production. Zinc has also been added to the USGS list of critical minerals, while helium, potash, rhenium and strontium have been removed. The International Monetary Fund recently forecast that demand for critical minerals will rise sixfold over the next two decades.

CORPORATES
UNITED STATES. DEPT OF THE INTERIOR. UNITED STATES GEOLOGICAL SURVEY

Seven West Media won’t commit to dividend timetable

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Original article by Miranda Ward
The Australian Financial Review – Page: 24 : 10-Nov-21

Seven West Media suspended its dividend payments in 2018, in order to focus on reducing debt. Chairman Kerry Stokes has told the group’s AGM that it will review its dividend policy in 2022, but he declined to make any commitment as to when dividends will resume. Stokes also defended the remuneration package of CEO James Warburton, whose total pay topped $7.6m in 2020-21; Stokes says that Warburton is paid for performance, and his pay reflected the challenges faced by Seven during the last year, including the global pandemic.

CORPORATES
SEVEN WEST MEDIA LIMITED – ASX SWM

Movement in the Adelaide CBD is at 81% of pre-pandemic levels, well ahead of Sydney CBD (33%) and Melbourne CBD (27%)

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Nov-21

A special analysis of movement data in Australia’s Capital City CBDs since the COVID-19 pandemic began shows that the Adelaide CBD is leading the way with movement at 81% of pre-pandemic levels, well ahead of all other cities, as South Australia prepares to re-open its borders in two weeks’ time. The 7-day movement level in the Adelaide CBD has averaged 66% of pre-pandemic levels since COVID-19 was declared a pandemic in mid-March 2020 – higher than any other Australian Capital City. In comparison, the average 7-day movement levels in the larger cities of Sydney and Melbourne remain well below pre-pandemic levels after both cities recently emerged from long lockdowns during October. The average 7-day movement level in the Sydney CBD was at 33% of pre-pandemic levels and movement was even lower, at only 27% of pre-pandemic levels, in the Melbourne CBD. The average 7-day movement levels in the Hobart CBD have bounced back following the short and sharp three-day lockdown in southern Tasmania during mid-October and are now at 61% of pre-pandemic levels. Also performing well are the Capital Cities of two States that are yet to fully re-open to domestic travellers. The movement levels in the Perth CBD are now at 72% of pre-pandemic levels, while movement levels in the Brisbane CBD are at 65% of pre-pandemic levels. Roy Morgan has partnered with leading technology innovator UberMedia to aggregate data from tens of thousands of mobile devices to assess the movements of Australians as we deal with the restrictions imposed in response to the COVID-19 pandemic.

CORPORATES
ROY MORGAN LIMITED, UBERMEDIA

Christmas coming early as retailers brace for November splurge

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Original article by Matthew Elmas
The New Daily – Page: Online : 10-Nov-21

Australia Post is ramping up its parcel delivery services in expectations of a big increase in online shopping in November. The annual Click Frenzy event has signalled the start of the anticipated surge in online sales in the lead-up to Christmas. The Australian Retailers Association has forecast that the upcoming Black Friday and Cyber Monday events will generate some $5.4bn worth of retail sales in just four days. Roy Morgan CEO Michele Levine says the recent ending of COVID-19 lockdowns in Sydney, Melbourne and Canberra is likely to see retail spending in November either match or exceed the record levels of 2020.

CORPORATES
AUSTRALIA POST, CLICK FRENZY PTY LTD, AUSTRALIAN RETAILERS ASSOCIATION, ROY MORGAN LIMITED

Global COVID-19 cases pass grim milestone of 250 million

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Original article by
9 News – Page: Online : 10-Nov-21

Data from Johns Hopkins University shows that more than 250 million people worldwide have been diagnosed with COVID-19 since the coronavirus was declared a pandemic in March 2020. It took about eight months for the milestone of 50 million cases to be reached, but the number of new cases has since increased by the same amount approximately every three months. Average daily case numbers have steadily fallen since peaking at 826,000 in late April, although case numbers have been rising in recent weeks. The global death toll from COVID-19 exceeds five million, while about 3.1 billion people are now fully vaccinated.

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JOHN HOPKINS UNIVERSITY

ANZ-Roy Morgan Consumer Confidence virtually unchanged at 109.0 in the first week of November

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Nov-21

ANZ-Roy Morgan Consumer Confidence was virtually unchanged at 109.0 on 6/7 November; it is now is just above the 2021 weekly average of 108.3, and 5.9 points higher than the same week a year ago (103.1). Consumer Confidence was up in Sydney, Perth and Adelaide, but down slightly in Melbourne and Brisbane. Now 31% (down 1ppt) of Australians say their families are ‘better off’ financially than this time last year, while 26% (up 1ppt) say their families are ‘worse off’ financially. In addition, 40% (up 2ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 15% (down 1ppt) expect to be ‘worse off’ financially. Some 19% (up 1ppt) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 19% (unchanged) expect ‘bad times’. Meanwhile, 40% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 28% (unchanged) say now is a ‘bad time to buy’.

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

NAB & CBA lead business banking satisfaction but biggest increase over the last year is by ANZ

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Original article by Roy Morgan
Market Research Update – Page: Online : 10-Nov-21

New research from Roy Morgan shows that small business owner banking satisfaction for the four major banks was at 69.9% in the 12 months to September 2021, down 0.4% points from a year ago. Although virtually unchanged on a year ago, small business owner banking satisfaction for the four major banks is up 1.2% points from February 2020 (68.7%), prior to the onset of the COVID-19 pandemic. Satisfaction with National Australia Bank increased by 3.3% points from a year ago to 71.6%, and NAB now has the highest business owner banking satisfaction of the four major banks. Just behind NAB is the Commonwealth Bank, with a business owner banking satisfaction rating of 70.4%. However, the largest increase in satisfaction was achieved by the ANZ, up 5.1% points to 70.0%. Westpac is in fourth position with small business owner banking satisfaction of 66.9%. These are the latest findings from interviews with 2,443 small businesses owners in the 12 months to September 2021, as part of the Roy Morgan Business Owner Satisfaction Monitor regarding their level of satisfaction with the financial institution they deal with.

CORPORATES
ROA INTERNATIONAL, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC

Best ever platinum discovery

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 25 : 10-Nov-21

Chalice Mining has released the first mineral resource estimate for its Gonneville deposit in Western Australia. The deposit contains gold, copper, nickel, cobalt, palladium and platinum; the latter two minerals are relatively scarce in Australia, and Chalice MD Alex Dorsch says Gonneville is the biggest discovery of platinum group elements in the nation’s history. The Gonneville deposit could potentially make Chalice a takeover target from global resources groups such as Anglo American, BHP or Rio Tinto.

CORPORATES
CHALICE MINING LIMITED – ASX CHN, ANGLO AMERICAN PLC, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

Nine Network says Seven top with more over 65s

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Original article by Miranda Ward
The Australian Financial Review – Page: 29 : 8-Nov-21

The Seven Network has won the 2021 ratings year with a total audience share of 38.3 per cent, ahead of the Nine Network with 37.8 per cent. However, Nine claims to have won the key 25-54 age demographic with less than four weeks until the end of the ratings year. Nine’s head of television Michael Healy contends that the network has recorded significant growth year-on-year across the key demographics, while Seven’s growth of 0.9 share has been primarily in the 65+ age demographic.

CORPORATES
NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM