Author: roymorgansocial

More work to do for CBA boss

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Original article by Joyce Moullakis
The Australian – Page: 17 & 21 : 8-Oct-19

Commonwealth Bank of Australia CEO Matt Comyn is seeking feedback from customers about what it is doing right and areas in which it can improve. He has sent a letter to customers in which he concedes that CBA still has a lot of work to do to restore its reputation in the wake of a series of scandals. Comyn has also written to employees, stating that amongst other things, the bank must keep listening to customers, complete a remediation program and implement the recommendations of the Hayne royal commission. CBA will provide a live stream of its upcoming customer forum in Brisbane.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, RESERVE BANK OF AUSTRALIA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, COMMINSURE

Emirates leads international airline satisfaction, with Qantas just outside top five

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Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-19

Emirates has won the Roy Morgan International Airlines Customer Satisfaction Award for August 2019, with a customer satisfaction rating of 86%. It was closely followed by Singapore Airlines (85%) and Qatar Airways and Air New Zealand (both 84%). Locally based airlines Qantas and Virgin Australia placed sixth and seventh, with customer satisfaction ratings of 80% and 76% respectively. These ratings have been drawn from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with over 50,000 Australians each year in their homes.

CORPORATES
ROY MORGAN LIMITED, EMIRATES AIRLINES, SINGAPORE AIRLINES LIMITED, QATAR AIRWAYS, AIR NEW ZEALAND LIMITED – ASX AIZ, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH

Fortescue in race for Simandou

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Original article by Nick Evans
The Australian – Page: 17 & 20 : 8-Oct-19

Fortescue Metals Group and the SMB-Winning consortium are said to be the only remaining contenders to acquire the right to develop blocks 1 and 2 of the Simandou iron ore deposit in Guinea. Fortescue CEO Elizabeth Gaines says details of the pure-play iron ore miner’s bid are confidential and there is no guarantee that any bid will be successful. Simandou is estimated to hold more than two billion tonnes of iron ore, with average grades of about 65 per cent iron content.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, UMS, SHANDONG WEIQIAO ALUMINIUM POWER COMPANY LIMITED, WINNING SHIPPING, RIO TINTO LIMITED – ASX RIO, BSG RESOURCES LIMITED, VALE SA, ALUMINIUM CORPORATION OF CHINA LIMITED, BHP GROUP LIMITED – ASX BHP

A narrow majority of Australians want to develop nuclear power to reduce carbon dioxide emissions

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Original article by Roy Morgan
Market Research Update – Page: Online : 8-Oct-19

A special online Roy Morgan survey conducted in mid-September shows that 51% (up 16% since July 2011) of respondents say Australia should develop nuclear power to reduce the nation’s carbon dioxide emissions. Some 34% (down 24%) say Australia should not do so, while 15% (up 8%) can’t say. However, without the reference to reducing carbon dioxide emissions, only 45% (up 11% since March 2011) of respondents say Australia should develop nuclear power plants to supply electricity, while 40% (down 21%) say Australia should not, and 15% (up 10%) can’t say. This special online survey on Australian attitudes to Global Warming was conducted from September 11-15, 2019 with an Australia-wide sample of 1,006 Australians aged 18-64 years old.

CORPORATES
ROY MORGAN LIMITED

BP’s grim warning on carbon emissions

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 7-Oct-19

BP’s chief economist Spencer Dale says everyone has a responsibility when it comes to steering the world towards a goal of zero net carbon emissions. He says energy companies like BP have a role to play in achieving cleaner energy, but that they cannot get too far ahead of governments and society. Dale adds that investing in new oil and gas fields is still important in terms of meeting energy demand in developing nations, while he says there is a growing mismatch between current emissions output and the wishes of society.

CORPORATES
BP PLC

A $31.9 million election bill leaves Labor in the red

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Original article by Samantha Maiden
The New Daily – Page: Online : 7-Oct-19

Labor is facing a budget deficit of about $900,000 after its primary vote in the 18 May federal election was lower than expected. Labor had anticipated a primary vote of 36 per cent, but it was about 33 per cent. As a result, Labor will receive $24.6m from taxpayers under public funding rules, which is around $2m lower than expected. The Liberal Party will receive around $27.8m and the Greens in turn will receive about $7.67m. Meanwhile, Labor’s financial documents show that the party spend $31.9m on its election campaign.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS

Streaming wars: Disney strips content from Foxtel

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Original article by Max Mason
The Australian Financial Review – Page: 16 : 7-Oct-19

Pay-TV group Foxtel will revamp its movie channels package in response to the loss of content from the Walt Disney Company. Foxtel’s existing Disney Movie Channel will cease broadcasting on 7 November, ahead of the launch of the Disney+ subscription video-on-demand service on 19 November. The Disney and Disney Jnr channels will remain on Foxtel until at least the end of February. Meanwhile, Foxtel plans to launch its own drama and entertainment streaming service, while Stan owner Nine Entertainment is said to be in talks with Disney regarding a content deal.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, WALT DISNEY COMPANY, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, STAN ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED

Will Client Liaison’s new Bamboo Creek (Pilbara) hit The Beat Supreme be Number One in the US?

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-Oct-19

Client Liaison – Australia’s favourite retro 80s revivalist funk rockers – have ‘done it again’ with new hit ‘The Beat Supreme’ shot entirely on location at Haoma’s Bamboo Creek Mine in the remote Pilbara region near Marble Bar, WA. Client Liaison’s irreverent lead singer Monte Morgan clearly discovered gold on his trip to Bamboo Creek and dances ‘The Beat Supreme’ away in remote desert landscapes, over-sized mining trucks and the Bamboo Creek Mill processing ‘gold bearing’ ore with musical partner Harvey Miller. ‘The Beat Supreme’ is set to shoot to Number 1 on the local Australian charts in the coming weeks; however, only Warner Music and Spotify can answer the question:- Will ‘The Beat Supreme’ be available on US Spotify so it can make US charts Number 1? Tickets are selling fast for Client Liaison’s October-November Australian tour. Register for the latest news and updates – as well as buy tickets – for Client Liaison at http://www.clientliaison.com. Pilbara FIFO workers should ‘get in fast’ to buy tickets for the special shows in Dunsborough and Fremantle before tickets sell out. View Client Liaison’s new music video for ‘The Beat Supreme’.

CORPORATES
HAOMA LIMITED

I lost workers’ trust, admits Shorten

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Original article by Rosie Lewis
The Australian – Page: 1 & 4 : 7-Oct-19

Former Labor leader Bill Shorten has accepted responsibility for the party’s 18 May federal election loss. He has conceded that Labor’s proposal to abolish cash refunds for excess franking credits caused much anxiety among some electors, while there was a widespread perception that Labor’s election policies were not focused on creating jobs. Shorten intends to remain in politics, although he has ruled out becoming Labor leader again. Labor will shortly complete a review of its election campaign.

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AUSTRALIAN LABOR PARTY

Banks face heat over loyalty tax

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Original article by Patrick Durkin, James Frost, Jonathan Shapiro
The Australian Financial Review – Page: 1 & 2 : 7-Oct-19

Australian Competition & Consumer Commission chairman Rod Sims has suggested that the nation’s banks are trying to "dud" their loyal customers. Sims, who is hoping Treasurer Josh Frydenberg will grant the ACCC’s request to conduct an inquiry into the competitive strength of the big banks, was commenting on the gap between mortgage interest rates offered to new borrowers and those offered to existing customers; the gap is generally half a percentage point. The banks have argued in private that it is not possible to offer the same competitive rates to all borrowers.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, AUSTRALIAN BANKING ASSOCIATION, RESERVE BANK OF AUSTRALIA, EVANS AND PARTNERS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, DELOITTE TOUCHE TOHMATSU LIMITED