Author: roymorgansocial

Ten nabs soccer in $200m contract

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Original article by John Stensholt
The Australian – Page: 24 : 27-May-21

The Ten Network has secured the broadcasting and streaming rights to A-League and W-League matches for the next five years in a $200m cash and contra deal. One A-League match will be shown live on Ten’s primary channel each week, while one W-League match to be broadcast live on a secondary channel. Every match in both leagues will also be available via Ten’s new Paramount+ subscription video-on-demand service, which will be launched in August. Fox Sports currently holds the broadcasting rights.

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TEN NETWORK HOLDINGS LIMITED, THE A LEAGUE PTY LTD, THE W LEAGUE PTY LTD, FOX SPORTS AUSTRALIA PTY LTD

Melbourne council backs injecting room

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Original article by John Masanauskas, Wes Hosking
Herald Sun – Page: 4 : 26-May-21

The Melbourne City Council has passed a motion in support of establishing a safe injecting room in the CBD. Four councillors voted against the motion; they include Roshena Campbell, who said that locating the facility near a prime tourism precinct is "nothing short of insanity". Greens councillor Olivia Ball said there is no evidence to suggest that the existing safe injecting room in North Richmond has adversely impacted local amenity. The Police Association has expressed concern that a safe injecting room would lead to an increase in crime and drug use in the CBD.

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MELBOURNE CITY COUNCIL, THE POLICE ASSOCIATION OF VICTORIA

NAB faces legal hit over pay shortfall

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Original article by Richard Gluyas
The Australian – Page: 13 & 19 : 26-May-21

National Australia Bank included a pre-tax provision of $128m for wage underpayments in its financial accounts for the second half of 2020. NAB’s remediation program has resulted in current and former part-time employees receiving a combined $55m in compensation to date. However, the Finance Sector Union believes that NAB’s wages underpayment bill may be much higher, given that many of the affected employees work full-time. The union is preparing to take Federal Court action on behalf of NAB’s full-time workers.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FINANCE SECTOR UNION, FEDERAL COURT OF AUSTRALIA

ANZ-Roy Morgan Consumer Confidence increases to 114.2 and now at its highest since Sep. 2019 – pre-pandemic

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-May-21

ANZ-Roy Morgan Consumer Confidence rose 1.7pts to 114.2 on May 22/23. Consumer Confidence is now 3pts above the 2021 weekly average of 111.3, and it is 21.5pts higher than the same week a year ago (92.7). Now 31% (up 3ppts) of Australians say their families are ‘better off’ financially than this time last year, while 23% (down 2ppts) say their families are ‘worse off’ financially (the lowest figure for this indicator since February 2020). In addition, 41% (up 4ppts) of Australians expect their family to be ‘better off’ financially this time next year, and 14% (unchanged) expect to be ‘worse off’ financially. Some 20% (unchanged) of Australians expect ‘good times’ for the Australian economy over the next 12 months, while 15% (up 1ppt) expect ‘bad times’. Meanwhile, 44% (down 1ppt) of Australians say now is a ‘good time to buy’ major household items, while 23% (up 1ppt) say now is a ‘bad time to buy’.

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

Wave of sex crime cases hits federal politics

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Original article by Rosie Lewis, Geoff Chambers
The Australian – Page: 1 & 6 : 26-May-21

The Australian Federal Police has received 40 reports of sexual and other misconduct involving federal MPs and their staffers in the wake of Brittany Higgins’ rape allegation. AFP commissioner Reece Kershaw has told a Senate estimates hearing that this includes 19 allegations of sex crimes. The AFP has referred 15 cases to state and territory police for assessment, while the AFP is still investigating one complaint. Kershaw has also advised that the Australian Capital Territory’s Director of Public Prosecutions is expected to receive a brief of evidence in relation to Higgins’ case within weeks.

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AUSTRALIAN FEDERAL POLICE

Banks, miners set for big payout boost

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Original article by William McInnes
The Australian Financial Review – Page: 24 : 26-May-21

Jane Shoemake of global asset manager Janus Henderson is upbeat about the outlook for Australian dividend payouts in 2021. She notes that mining companies and the major banks dominated the list of the 10 biggest dividend payers in 2019 and 2020, and investors are set to benefit from high commodity prices and a rebound in dividend payments in the banking sector. Shoemake also expects energy stocks and defensive retailers such as Coles Group and Woolworths to increase their dividends.

CORPORATES
JANUS HENDERSON GROUP PLC – ASX JHG, COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW

Record $36b exports lift goods trade surplus

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Original article by Ronald Mizen
The Australian Financial Review – Page: 6 : 26-May-21

The ongoing trade tensions with China have not significantly affected Australia’s export trade. New figures show that the nation’s international goods trade surplus topped $10bn in April, after the total value of exports rose by $13m month-on-month to a record $36bn. Iron ore exports rose by one per cent overall, but the value of shipments to China increased by $234m to a record high of $10.5bn. There was also strong growth in export volumes for commodities such as coal and petroleum. Meanwhile, the total value of imports fell by seven per cent to $25.8bn.

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Pleas for Premier to back mine extension

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Original article by Michael McKenna
The Australian – Page: 4 : 26-May-21

New Hope Corporation recently advised that production at the New Acland coal mine in Queensland will end later in 2021 unless a long-delayed expansion is approved. The approvals process has been stalled for nearly 13 years due to a series of legal challenges and the state government’s inertia. The mine’s workforce has been reduced from 320 to just 120 since 2019, and the remaining workers face retrenchment. Federal Labor MP Joel Fitzgibbon has urged the state government to approve the expansion; he has also accused Labor of turning its back on coal workers.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, AUSTRALIAN LABOR PARTY

Super fund satisfaction soars to a new record high as Australia recovers from the COVID-19 pandemic

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Original article by Roy Morgan
Market Research Update – Page: Online : 26-May-21

New data from Roy Morgan’s Superannuation Satisfaction Report shows an overall super fund satisfaction rating of 71.7% in April 2021 – an increase of 7.0% points from a year ago and up 10.7% points since October 2020. Self-Managed Funds still have the highest customer satisfaction of 81.1%, up 5.8% points from a year ago. Public Sector Funds are in a clear second place with customer satisfaction of 78.9%, up 4.8% points on a year ago. The two largest increases in satisfaction over the last year are for Industry Funds, up 6.8% points to a record high of 71.8% and Retail Funds, up by an impressive 7.2% to a near record high 67.8%. UniSuper has the highest customer satisfaction rating of the Industry Funds, ahead of Cbus, AustralianSuper and Catholic Super. The highest placed Retail Super Fund is OnePath, followed by MLC, Colonial First State and ASGARD. The report’s findings are from Roy Morgan Single Source, Australia’s most trusted consumer survey, compiled by in-depth interviews with over 50,000 Australians each year.

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ROY MORGAN LIMITED

Melbourne Covid cluster forces return to restrictions

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Original article by Rachel Baxendale, Angelica Snowden
The Australian – Page: 1 & 6 : 26-May-21

The Victorian government has reimposed COVID-19 restrictions across Greater Melbourne in response to the growing northern suburbs outbreak. The restrictions – which include requiring face masks to be worn indoors and caps on public and private gatherings – will remain in place until 4 June. The cluster has increased to nine cases after five people were diagnosed with the Indian variant on 25 May. Genomic sequencing has confirmed that the cluster is linked to a man who tested positive after returning to Melbourne following hotel quarantine in Adelaide. More than 20 exposure sites have been identified, including the MCG, while New Zealand has temporarily suspended quarantine-free travel to Victoria.

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