Author: roymorgansocial

Rio Tinto predicts new copper mine will be built in Western Australia

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Original article by Darren Gray
The Sydney Morning Herald – Page: Online : 9-Mar-19

Rio Tinto CEO Jean-Sebastien Jacques is confident a copper mine will be constructed at the site of its discovery in Western Australia’s Paterson Ranges. However, Jacques said he is unsure whether it will be Rio Tinto that builds that mine. Jacques was speaking at the official opening of its new $2.6 billion Arum bauxite mine on Cape York. Jacques said much more drilling needs to be undertaken at its copper discovery in WA to determine what lies beneath the surface.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Jones saga puts heat on Macquarie

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Original article by Zoe Samios, Nick Tabakoff
The Australian – Page: Online : 11-Mar-19

Macquarie Media has refused to comment on its negotiations with Alan Jones over a new contract for the radio broadcaster, as has Jones himself. Jones has had 216 consecutive rating wins for his broadcasting spot, while his radio station 2GB won survey eight of Sydney’s 2018 ratings surveys with a 14.1 per cent audience share. Not being able to re-sign Jones would mean reduced advertising revenue for Macquarie Media, as well as more angst for Macquarie Media’s parent company Nine Entertainment, following the axing of Karl Stefanovic from ‘Today’ in 2018.

CORPORATES
MACQUARIE MEDIA LIMITED – ASX MRN, 2GB, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN NETWORK LIMITED

Mobile Virtual Network Operators taking market share from Mobile Networks

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Original article by Roy Morgan
Market Research Update – Page: Online : 11-Mar-19

Mobile Virtual Network Operators (MVNOs) are continuing to take market share from the traditional Mobile Network Operators (MNO) in the prepaid mobile market, according to the latest research from Roy Morgan. Over 6.7 million Australians (32.6%) now have a prepaid mobile phone, and a rising share of these prepaid mobile phones are bought via a MVNO, such as those operated by the likes of Aldi Mobile, Amaysim, Kogan, Boost, Lebara, Lycamobile. MVNOs are now used by nearly 2 million Australians, or 29.4% of consumers who have a prepaid mobile phone. This market penetration for MVNOs is up a significant 2.5ppts in the last year alone, and up by 6.3ppts from four years ago in the six months to July 2014. Roy Morgan CEO Michele Levine says the increased market share taken by MVNOs in the prepaid mobile market is driven by a range of factors, including Australians looking for a better phone deal.

CORPORATES
ROY MORGAN LIMITED, ALDI STORES SUPERMARKETS PTY LTD, AMAYSIM AUSTRALIA LIMITED – ASX AYS, KOGAN.COM LIMITED – ASX KGN, BOOST MOBILE, LYCAMOBILE PTY LTD

Billions in gains on offer from US-China skirmish

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Original article by Glenda Korporaal
The Australian – Page: 20 : 8-Mar-19

A PwC report has concluded that Australia’s manufacturing, education and resources sectors are amongst those that could benefit from the US-China trade war. The report suggests that the domestic economy could potentially be bolstered by up to $2bn a year if the trade tensions continue. PwC economist Jeremy Thorpe says local businesses should be looking at how they can capitalise on any trade opportunities that may arise as a result of the tensions between the US and China.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD

Morrison snuffs out Nationals’ power push

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Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 8-Mar-19

The federal government has rejected a bid by six National Party MPs to revive its "big stick" legislation prior to the upcoming election. The bill to force energy companies to divest assets if they fail to reduce electricity price was recently put on hold. The Nationals MPs also want the government to commit to underwriting a new power generation project in regional Queensland before the election. Prime Minister Scott Morrison says the April 2019 Budget and flood relief measures for Queensland are his legislative priorities.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

Flea and Anthony Kiedis from Red Hot Chili Peppers call out outlandish NSW live music rules

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Original article by Cameron Gooley
abc.net.au – Page: Online : 8-Mar-19

US rock band the Red Hot Chili Peppers has weighed into the debate regarding the New South Wales Government’s new regulations for live music festivals. The government has identified 14 music festivals that will not be granted a licence by the Independent Liquor & Gaming Authority unless they prepare a safety management plan. Red Hot Chili Peppers’ frontman Anthony Kiedis and bassist Michael Balzary told the audience at a concert in Geelong that the NSW reforms are "outlandish" and "stupid".

CORPORATES
NEW SOUTH WALES. INDEPENDENT LIQUOR AND GAMING AUTHORITY

Labor, ACTU hose down wage fears

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 8-Mar-19

Opposition leader Bill Shorten has committed to ensuring that the minimum wage is increased to become a living wage if Labor wins the federal election. Shorten and ACTU secretary Sally McManus have both expressed support for the Fair Work Commission continuing to have responsibility for setting a living wage, as well as the timeframe for transitioning from the minimum wage. Prime Minister Scott Morrison contends that economic growth rather than increased taxes is the best way to lift wages.

CORPORATES
AUSTRALIAN LABOR PARTY, ACTU, AUSTRALIA. FAIR WORK COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Google says new penalties would hurt tech sector

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Original article by Paul Smith
The Australian Financial Review – Page: 12 : 8-Mar-19

Google does not want new rules and penalties for failing to remove copyright-infringing content to be introduced. The Australian Competition & Consumer Commission stated in its interim report on digital platforms that Australian rights holders struggle to get copyright-infringing content removed quickly from digital platforms, and recommended tougher rules in this area. Google contends that new regulations would harm Australia’s technology sector, as does lobby group StartUpAus.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, STARTUPAUS, FACEBOOK INCORPORATED, AUSTRALIAN COMMUNICATIONS AND MEDIA AUTHORITY, VILLAGE ROADSHOW LIMITED – ASX VRL, 99DESIGNS PTY LTD, CANVA INCORPORATED, ENVATO PTY LTD

The 2018, 8th Annual Roy Morgan Customer Satisfaction Awards: Telecommunications and Utilities Winners

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

Australia’s most satisfying home phone, mobile phone, internet, and utilities service providers were recently announced at the 2018 Roy Morgan Customer Satisfaction Awards. Optus is the Home Phone Service Provider of the year, with six monthly awards, while Virgin Mobile was named Mobile Phone Service Provider of the year, also with six monthly wins. Meanwhile, iiNet has been named Internet Service Provider for a fourth consecutive year and the Apple iPhone took out the award for Handset Provider for an eighth consecutive year. Red Energy took out the award for Electricity Provider for a fourth successive year, while Kleenheat is the Gas Provider of the year.

CORPORATES
ROY MORGAN LIMITED, SINGTEL OPTUS PTY LTD, VIRGIN MOBILE (AUSTRALIA) PTY LTD, IINET LIMITED, APPLE PTY LTD, RED ENERGY PTY LTD, KLEENHEAT GAS PTY LTD

Business Confidence virtually unchanged in February at 105.6

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

Roy Morgan Business Confidence was virtually unchanged at 105.6 (down 0.3 points) in February. However, the consecutive ratings under 110 represent the weakest start to a year in the history of the Index dating back to 2011, and follow a slowing of the Australian economy to a GDP growth rate of only 0.2% during the December quarter, the slowest quarterly growth since 2016. Business Confidence in February was 14.4pts below its level of a year ago, and 10.3pts below its long-term average of 115.9. However, some industries have started 2019 with high and increasing confidence, including mining, accommodation and food services, and transport, postal and warehousing. Roy Morgan CEO Michele Levine says business confidence should improve in the second half of 2019, once the federal and New South Wales elections are out of the way.

CORPORATES
ROY MORGAN LIMITED