Author: roymorgansocial

Pundits and pollies in a race to call it first

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Original article by Lilly Vitorovich, Zoe Samios
The Australian – Page: 23 & 25 : 13-May-19

Australia’s five free-to-air TV networks will provide live coverage of the federal election on 18 May. Data from OzTAM shows that 1.8 million people watched the 2016 election coverage on the ABC, Seven and Nine, after Ten opted against live coverage. Nunn Media MD Chris Walton notes that the 2019 election has attracted more interest than other recent elections, adding that the cost of providing live election coverage is not significant for the networks. Pay-TV company Sky News will also have live election coverage.

CORPORATES
OZTAM PTY LTD, AUSTRALIAN BROADCASTING CORPORATION, SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, TEN NETWORK HOLDINGS LIMITED, SPECIAL BROADCASTING SERVICE (SBS), SKY NEWS, NUNN MEDIA PTY LTD, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA

Digitised lending ‘in a decade’: NAB

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

Business banking contributes almost 50 per cent of National Australia Bank’s cash earnings. Anthony Healy, the head of NAB’s business banking division, forecasts that approvals for loans to small and medium enterprises will have been fully digitised within 10 years. He notes that platforms such as Quickbiz already allows NAB to do this. Healy has downplayed speculation that he is among the leading internal candidates to permanently replace Andrew Thorburn as CEO.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, JUDO BANK PTY LTD

AMP steps up bid to regain lost trust

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 16 : 13-May-19

AMP CEO Francesco De Ferrari has told customers in an open letter that the wealth manager is making significant changes as it seeks to regain their trust. AMP’s reputation took a battering as a result of deficiencies in its operations that were exposed by the Hayne royal commission, with its share price falling from $5.20 to $2.45 during 2018. The letter, which has been reprinted as an advertisement in a number of newspapers, notes that AMP has made fundamental changes to its operations and has bolstered its internal processes.

CORPORATES
AMP LIMITED – ASX AMP, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY

Multi-million cash splash on poll eve

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Original article by Lilly Vitorovich
The Australian – Page: 23 : 13-May-19

DDB Australia MD Leif Stromnes says Clive Palmer’s total expenditure on political advertising could potentially top $60m by 18 May. Data from Nielsen shows that United Australia Party had already spent some $39.1m on traditional media advertising up to 5 May. Stromnes notes that Palmer has bought reach very effectively, adding that his spending across TV, radio and newspapers is a "massive vote of confidence" for traditional media. The TV and radio advertising blackout on election advertising commences on 16 May, but print and online advertising will still be permitted.

CORPORATES
DDB HOLDINGS AUSTRALIA PTY LTD, UNITED AUSTRALIA PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NIELSEN MEDIA RESEARCH AUSTRALIA, AUSTRALIAN GREENS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED, 2GB, GOOGLE INCORPORATED, YOUTUBE INCORPORATED, FACEBOOK INCORPORATED

Bill Shorten warns News Corp against acting like a political party

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Original article by David Crowe
The Sydney Morning Herald – Page: Online : 13-May-19

Opposition Leader Bill Shorten claimed on 12 May that parts of News Corporation appear to be acting like political parties in their "campaigning against Labor" in the lead-up to the federal election. Shorten’s comments followed a recent controversial story about his mother in ‘The Daily Telegraph’. He said he has some sympathy for the threat that traditional media faces from social media companies, but that becoming more frenzied is not the solution to their problems. Shorten called on voters to reject the minor parties in the Senate.

CORPORATES
AUSTRALIAN LABOR PARTY, NEWS CORPORATION – ASX NWS, ONE NATION PARTY, UNITED AUSTRALIA PARTY, AUSTRALIAN BROADCASTING CORPORATION

Mentioned in dispatches: Shorten and Morrison share the coverage spoils

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Original article by Zoe Samios
The Australian – Page: 23 & 25 : 13-May-19

Analysis by Streem shows that Opposition Leader Bill Shorten has been mentioned in the metropolitan press some 25,693 times between 11 April and 9 May, while Prime Minister Scott Morrison was mentioned 24,195 times. Shorten was mentioned 10,042 times on metropolitan TV during this period, while Morrison rated 9,242 mentions. In contrast, Morrison has been mentioned 4,693 times online, compared with 4,628 times for Shorten.

CORPORATES
STREEM PTY LTD, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Magazine readership now over 15.2 million following increase

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Original article by Roy Morgan
Market Research Update – Page: Online : 13-May-19

Roy Morgan has released the Australian Magazine Readership report for the 12 months to March 2019. A total of 15,245,000 Australians aged 14+ (74.1 per cent) now read magazines, whether in print or online. This is up 1.6 per cent (or 238,000) from a year ago. Readership of print magazines is just under 12.6 million Australians (61.2 per cent), unchanged from a year ago. Nine of Australia’s top 15 magazines grew their print readership over the past year, with five of the leading titles growing their readership by at least five per cent. ‘Women’s Weekly’ is Australia’s most widely-read paid magazine, after growing readership by 3.7 per cent to 1,536,000 in the year to March. However, the free ‘Coles Magazine’ remains the most widely-read print magazine, with an average readership of 4,840,000 per issue (up 10.8 per cent).

CORPORATES
ROY MORGAN LIMITED

Odds of post-election rate cut mispriced, says Ellerston

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Original article by Jonathan Shapiro
The Australian Financial Review – Page: 17 & 31 : 10-May-19

Financial market traders have priced in a 20 per cent chance of an official interest rate cut in June, after the Reserve Bank of Australia left the cash rate on hold in May. Brett Gillespie of Ellerston Capital argues that the central bank would have wanted to avoid adjusting monetary policy during an election campaign, as it could potentially have been accused of influencing the outcome of the election. He expects a rate cut in June, stating that the RBA’s mandate requires it to do so as soon as possible.

CORPORATES
RESERVE BANK OF AUSTRALIA, ELLERSTON CAPITAL PTY LTD, TUDOR INVESTMENT CORPORATION, GOLDMAN SACHS AUSTRALIA PTY LTD

ABCC targets building union leadership

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 14 : 10-May-19

The Australian Building & Construction Commission will allege that the construction industry union breached workplace laws in trying to force Botany Cranes to sign an enterprise agreement. The ABCC has launched legal action against four Construction, Forestry, Maritime, Mining & Energy Union officials, including New South Wales secretary Darren Greenfield. Amongst other things, they are alleged to have threatened to damage the company’s equipment and stage a secondary boycott if it did not sign the agreement.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, BOTANY CRANES, FEDERAL COURT OF AUSTRALIA, AUSTRALIAN LABOR PARTY, BOOM LOGISTICS LIMITED – ASX BOL, WGG CRANE GROUP

Bellwether sectors shed thousands of workers

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Original article by Michael Roddan
The Australian – Page: 23 & 31 : 10-May-19

Analysis by JP Morgan shows that nearly 140,000 jobs were lost in Australia’s manufacturing, construction and retail sectors in the first three months of 2019. Tom Kennedy of JP Morgan notes that so-called bellwether sectors are the most closely linked to the economic cycle. He says rising job losses in these sectors will put upward pressure on the unemployment rate. George Tharenou of UBS says GDP growth is a more reliable indicator of the health of the economy than monthly employment data.

CORPORATES
JP MORGAN AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, RESERVE BANK OF AUSTRALIA, RESERVE BANK OF NEW ZEALAND