Author: roymorgansocial

Labor’s penalty rates a triple hit for retailers

roymorgansocial Leave a comment

Original article by David Marin-Guzman
The Australian Financial Review – Page: 6 : 29-Apr-19

Labor will seek to reverse cuts to Sunday penalty rates within 100 days if it wins the federal election. The Australian Retailers Association has estimated that this would see wages rise by as much as 21 per cent for weekend workers. Cuts to Sunday and public holiday penalty rates are being phased in over four years by the Fair Work Commission to ease the impact on employees, but shadow Employment Minister Brendan O’Connor says it will reverse the cuts "in a single hit". Employers’ groups have called for greater consultation over Labor’s plans, while employment law professor Andrew Stewart has cautioned Labor about trying to rush legislation on the issue.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIAN RETAILERS ASSOCIATION, AUSTRALIA. FAIR WORK COMMISSION, UNIVERSITY OF ADELAIDE, THE AUSTRALIAN INDUSTRY GROUP

Rate cut could aid housing recovery

roymorgansocial Leave a comment

Original article by Michael Bleby
The Australian Financial Review – Page: 3 : 29-Apr-19

Preliminary data from Domain Holdings shows that the national residential auction clearance rate was 52.9 per cent on the weekend of 27-28 April, with a total of 1,019 properties going under the hammer. Sydney and Melbourne recorded preliminary clearance rates of 52.2 per cent and 56.6 per cent respectively. Shane Oliver of AMP Capital says the bottom of the housing market’s cyclical fall could occur sooner if the Reserve Bank reduces official interest rates in May. Oliver has forecast two rate cuts in 2019.

CORPORATES
DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, AMP CAPITAL INVESTORS LIMITED, CORELOGIC AUSTRALIA PTY LTD

Inflation Expectations stuck at lowest in over two years

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Apr-19

Australians aged +14 expect inflation of 4% per year over the next two years, according to the Roy Morgan Inflation Expectations Index for March 2019. This is unchanged on February but down 0.3% on March 2018, and the index remains at its lowest since late 2016 for a second straight month. Inflation Expectations remained significantly below the nine-year average of 4.9% in March. Analysis by voting intentions shows that Inflation Expectations for supporters of the major parties diverged further in March, with the index decreasing by 0.2% for L-NP supporters to only 3.4%. In contrast the Inflation Expectations of ALP supporters increased by 0.2% to 4.1%. Greens supporters now have the lowest Inflation Expectations of any group after another fall, down 0.5% to 3.3%. March Inflation Expectations are based on personally interviewing a nationwide sample of 4,069 Australians aged 14+ face-to -face in their own homes.

CORPORATES
ROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

More Australians intend to retire despite inadequate savings levels

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Apr-19

The number of Australian intending to retire in the next 12 months is estimated at 439,000, a 6% increase on the 2018 level of 414,000 and 11% above the 2017 figure of 395,000. This increase is despite the savings levels of these intenders being well below the recommended level to be self- funded, so they are likely to be at least partly reliant on the age pension. Men currently represent 219,000 intending retirees and women 220,000. These are some of the latest findings from Roy Morgan’s Single Source survey, which is based on in-depth interviews conducted face-to-face with over 50,000 consumers per annum in their homes, including 430 who intend to retire in the next 12 months. The latest results are based on interviews conducted in the 12 months to January 2019.

CORPORATES
ROY MORGAN LIMITED

Breakfast shows have lost their sizzle factor

roymorgansocial Leave a comment

Original article by Zoe Samios
The Australian – Page: 23 & 25 : 29-Apr-19

Ratings data from OzTAM shows that the Seven Network’s ‘Sunrise’ averaged 256,000 viewers in January 2019, compared with 357,000 in January 2012. The average audience for the Nine Network’s rival ‘Today’ has fallen from 319,000 to 206,000 over the same period. Although the ABC’s breakfast show has consistently gained market share since its launch, TV industry veteran Rob McKnight says a key reason why viewers are shunning ‘Sunrise’ and ‘Today’ is their reluctance to take risks as they did in the past.

CORPORATES
SEVEN NETWORK LIMITED, NINE NETWORK AUSTRALIA LIMITED, AUSTRALIAN BROADCASTING CORPORATION, OZTAM PTY LTD, AUDIENCE DEVELOPMENT AUSTRALIA PTY LTD, TEN NETWORK HOLDINGS LIMITED, IPG MEDIABRANDS, DENTSU AEGIS NETWORK

News mulls its options in big Fox refinance

roymorgansocial Leave a comment

Original article by Max Mason, Tony Boyd
The Australian Financial Review – Page: 30 : 29-Apr-19

Asian investors are said to have expressed interest in a potential $2.5bn refinancing deal for pay-TV group Foxtel. Major shareholder News Corp is believed to be considering a range of options for the refinancing, rather than raising the entire amount via debt. These options are said to include an equity injection of up to $500m or a direct loan from News Corp. Foxtel is facing growing competition from subscription video-on-demand services such as Stan and Netflix; it could also potentially lose customers to its own Kayo Sports streaming service.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, STAN ENTERTAINMENT PTY LTD, NETFLIX INCORPORATED, KAYO SPORTS, FOX SPORTS AUSTRALIA PTY LTD

Over 8.3 million Australians buy vitamins, minerals and supplements

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Apr-19

A Roy Morgan Single Source survey shows that more than 8.3 million Australians purchased vitamins, minerals and/or supplements in an average six months in the year to December 2018, compared with just under 8 million in 2014. However, as a proportion of Australia’s growing population, demand has dropped slightly from 41.2% in 2014 to 40.7% in 2018. The research also shows that 65% of Australians who bought vitamins, minerals and/or supplements in 2018 purchased them from pharmacies and chemists, while 27% purchased them from supermarkets. Meanwhile, 49.1% of Australian women purchased vitamins, minerals and/or supplements in an average 6 months in 2018, compared to 32% of men.

CORPORATES
ROY MORGAN LIMITED

Monitor’s win cuts copyright payments

roymorgansocial Leave a comment

Original article by Andrew White
The Australian – Page: 23 : 29-Apr-19

Media monitoring firm Isentia expects a slight ­reduction in its copyright costs for 2018-19 after successfully challenging a 2018 deal between the Copyright Agency and newspaper publishers. The interim ruling could affect the revenue of news publishers, but Campbell Reid of News Corp says the company will await the final ruling. Isentia says the interim ruling will not affect its EBITDA guidance for the financial year. The company is facing growing competition from rivals such as Streem and Meltwater.

CORPORATES
ISENTIA GROUP LIMITED – ASX ISD, COPYRIGHT AGENCY LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, STREEM PTY LTD, MELTWATER AUSTRALIA PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, BAUER MEDIA AUSTRALIA PTY LTD, COPYCO

Uber drives forward while taxis stall and new market entrants begin to accelerate

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Apr-19

Research from Roy Morgan conducted in the year to December 2018 shows that nearly 4.3 million Australians aged 14+ (over 20% of the population) now travel by Uber in an average three months, up from just over 2 million (10.2%) in 2016. There has been strong growth in Uber usage across all age groups, ranging from growth of 73% (to 1,190,000) for 25-34 year olds to 253% (to 197,000) for 14-17 year olds. Meanwhile, the number of Australians who travel by taxi in an average three months fell by nearly 2% points over the last two years, to 21.5% in 2018. The latest Roy Morgan analysis reveals that 90,000 people across Australia already use a rideshare service other than Uber in an average three months without also using Uber in that same timeframe. New entrant Taxify (now called Bolt) is a leading competitor, with 112,000 Australians (0.5% of the population aged 14+) using their service at least once in an average three months in 2018.

CORPORATES
ROY MORGAN LIMITED, UBER AUSTRALIA PTY LTD, TAXIFY, BOLT

Missing Guvera boss Herft says he’s very easy to contact

roymorgansocial Leave a comment

Original article by Liam Walsh
The Australian Financial Review – Page: 17 & 24 : 26-Apr-19

The liquidators of failed music streaming company Guvera state that they have found it difficult to contact its CEO, Darren Herft, according to a creditors’ report. Glenn Spooner and Daniel Juratowitch of Cor Cordis say they have contacted the Australian Securities & Investments Commission for assistance on the matter, but that it has not yet been able to help them. However, Herft has rejected suggestions that he is hard to contact, saying he is in the US at the moment, where he intends to relaunch Guvera.

CORPORATES
GUVERA AUSTRALIA PTY LTD, GUVERA LIMITED, COR CORDIS PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AMMA PRIVATE EQUITY PTY LTD