Author: roymorgansocial

Hayne to leave banks with billion-dollar bill

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Original article by Angus Grigg, James Eyers, Edmund Tadros
The Australian Financial Review – Page: 1 & 8 : 17-Sep-18

Australia’s major banks face years of litigation and costly settlements as a result of the banking royal commission. Law firm Maurice Blackburn has already flagged plans for legal action over a number of issues, including the calculation of household expenses prior to loans being approved. Omkar Joshi of Regal Funds Management says he is reminded of the UK’s payment-protection insurance scandal, which ended up costing UK banks Stg40 billion. Hugh Giddy of Investors Mutual says it is hard to deny that banks have made loans to some people who were not in a position to borrow money.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, MAURICE BLACKBURN PTY LTD, REGAL FUNDS MANAGEMENT PTY LTD, INVESTORS MUTUAL LIMITED, AMP LIMITED – ASX AMP, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, LLOYDS BANK PLC, OLIVER WYMAN GROUP, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, SLATER AND GORDON LIMITED – ASX SGH, CORELOGIC AUSTRALIA PTY LTD

Previously NEGative, Shorten attacked for reviving dead policy

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Original article by Greg Brown
The Australian – Page: 4 : 17-Sep-18

Treasurer Josh Frydenberg has criticised Opposition Leader Bill Shorten for signalling that Labor could potentially implement a policy that is similar to the national ­energy guarantee if it wins the next federal election. Frydenberg says Shorten is merely playing politics with regard to energy policy and is not concerned about reducing electricity prices. The NEG included a carbon emissions reduction target of just 26 per cent, compared with Labor’s proposed target of 45 per cent. Liberal MP Trent Zimmerman says the Labor target is "ridiculous" and would destroy the economy.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Morrison bid to fast track union bill

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Original article by Ewin Hannan
The Australian – Page: 1 & 4 : 17-Sep-18

The Federal Government will make a new push for the Senate to pass its Ensuring Integrity Bill, which was shelved earlier in 2018. Industrial Relations Minister Kelly O’Dwyer has urged Opposition Leader Bill Shorten to support the bill, stressing that the proposed reforms are needed to protect workers and small businesses. Amongst other things, the bill would allow union officials to be disqualified for repeated breaches of civil law while it would become easier to deregister a union. The bill is supported by employer groups, but the ACTU has called for crossbenchers to vote against it.

CORPORATES
AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, MASTER BUILDERS AUSTRALIA INCORPORATED, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Direct Action back on the agenda

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Original article by Graham Lloyd
The Australian – Page: 1 & 6 : 17-Sep-18

Environment Minister Melissa Price has indicated that the Federal Government will revive key elements of the Direct Action climate change policy of former prime minister Tony Abbott. Price says she supports the Direct Action policy but stresses that the government’s stance does not signal a return to Abbott-era policies. Amongst other things, Price will seek additional funding for the Emissions Reduction Fund, of which around $250m of its original funding has not yet been spent. Price has also proposed reactivating the Green Army program, which ended on 30 June.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, CLIMATEWORKS PTY LTD, GREAT BARRIER REEF FOUNDATION, ADANI MINING PTY LTD

Cash hit halts ABC’s ideas plan

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Original article by Stephen Brook
The Australian – Page: 24 & 26 : 17-Sep-18

The ABC has put the second round of its Grand Ideas Grant scheme on hold until 2019, in order to focus on delivering the first round of projects to be funded via the initiative. The public broadcaster announced the Great Ideas Grant scheme in March 2017, as part of its ABC Content Fund. To date the ABC has launched only four of the nine GIG projects that it announced in mid-2017, although another three are at the pilot stage. Several of the GIG projects have attracted criticism over claims that they provide similar content to that of the ABC’s commercial rivals.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, MAMAMIA.COM.AU PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, JUNKEE MEDIA PTY LTD, KINDERLING, AUSTRALIA. DEPT OF FINANCE

Research Australia and Roy Morgan partner to reveal Australians’ views on health and medical research (HMR) in a changing landscape of healthcare

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-Sep-18

Research Australia and Roy Morgan have released the results of the 2018 Health & Medical Research Public Opinion Poll. Celebrating the 15th year of the annual poll, Research Australia and Roy Morgan have hosted an official launch in The Cellar of Tonic House, Roy Morgan’s unique office function room. Roy Morgan CEO Michele Levine enlightened attendees on trust and distrust in the healthcare space, and how a much more discerning public, along with the advent of technology are pushing back against what they perceive as unfair practice. Research Australia CEO Nadia Levin shared some of the key outcomes from the poll to an audience from across the health and medical research pipeline, including representation from Ausbiotech, GSK, AAMRI, the University of Melbourne, HealthConsult, the Department of Health & Human Services, ARCS and The Walter & Eliza Hall institute of Medical Research.

CORPORATES
ROY MORGAN LIMITED, RESEARCH AUSTRALIA LIMITED

Big city house prices to drop 5pc: Steinert

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Original article by Michael Bleby
The Australian Financial Review – Page: 30 : 17-Sep-18

Stockland CEO Mark Steinert has forecast that house prices in Sydney and Melbourne will fall by around five per cent over the next 12 months. However, the expected decline is likely to be primarily restricted to the higher end of the detached housing market, a view shared by Mirvac CEO Susan Lloyd-Hurwitz. Data from CoreLogic shows that the prices of detached houses in Sydney fell by 7.1 per cent in the year to August, compared with a 2.7 per cent decline in Melbourne.

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STOCKLAND – ASX SGP, MIRVAC GROUP – ASX MGR, CORELOGIC AUSTRALIA PTY LTD, GPT GROUP – ASX GPT, CBUS PROPERTY PTY LTD, VICINITY CENTRES – ASX VCX, PROPERTY COUNCIL OF AUSTRALIA LIMITED, BIS OXFORD ECONOMICS PTY LTD

Brisbane Broncos hold off Storm surge to lead again for NRL support

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-Sep-18

The Brisbane Broncos have again topped Roy Morgan’s annual National Rugby League supporter ladder with 1.09 million supporters (up 6.5 per cent on a year ago). It is followed by Melbourne Storm, which increased its support by 26.7 per cent to 1.05 million supporters. Seven NRL clubs increased their support in the year to June 2018, including the four most recent NRL Premiers. Roy Morgan is able to analyse the demographic makeup and intentions of NRL supporters across a vast array of important indicators, including the likelihood supporters of different clubs have of wanting to buy a new car in the next four years. A significant 19.9% of supporters of the Canberra Raiders plan on buying a new vehicle in the next four years, clearly higher than for supporters of the other 15 NRL clubs and well above the Australian figure of 11.9%. However, supporters of several other clubs have significantly higher intentions of buying cars in the next four years than the average Australian. These include the Parramatta Eels (17.2%), Melbourne Storm and Sydney Roosters (both 16.9%) and New Zealand Warriors (16.1%).

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ROY MORGAN LIMITED, NATIONAL RUGBY LEAGUE, BRISBANE BRONCOS RUGBY LEAGUE CLUB LIMITED, MELBOURNE STORM RUGBY LEAGUE CLUB LIMITED, CANBERRA RAIDERS, PARRAMATTA EELS, SYDNEY ROOSTERS RUGBY LEAGUE FOOTBALL, NEW ZEALAND WARRIORS LIMITED

Nine Network (+ Stan) will close gap on Seven Network

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-Sep-18

Research from Roy Morgan shows that almost 11.9 million Australians watch the Nine Network across broadcast and Catch Up platforms in an average week, while nearly 12.5 million watch the Seven Network and almost 11.3 million watch the ABC. Nine Entertainment’s merger with Fairfax Media will bring together two of Australia’s leading media companies, as well as their 50:50 joint venture subscription video-on-demand service Stan (which is watched by over 2 million Australians in an average four weeks). The merger will boost the combined viewership of Nine Entertainment platforms to over 12.2 million, within reach of the Seven Network. Roy Morgan CEO Michele Levine says that although some have expressed concerns about the potential lessening of competition the merger may bring, the proliferation of competing Pay TV and SVOD services such as Netflix, Amazon Prime, YouTube Premium, Fetch and others, suggests that competition in the viewing space is intensifying rather than reducing.

CORPORATES
ROY MORGAN LIMITED, NINE NETWORK AUSTRALIA LIMITED, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ, STAN ENTERTAINMENT PTY LTD, SEVEN NETWORK LIMITED, AUSTRALIAN BROADCASTING CORPORATION, TEN NETWORK HOLDINGS LIMITED, SPECIAL BROADCASTING SERVICE (SBS), NETFLIX INCORPORATED, AMAZON PRIME, YOUTUBE PREMIUM, FETCHTV PTY LTD

Pantscraper park under attack from heritage group

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Original article by Clay Lucas
The Age – Page: Online : 14-Sep-18

Melbourne Heritage Action is critical of a small park that is being built as part of the $1 billion Collins Arch development that is being constructed by Cbus. The tower that used to be on the site incorporated a large plaza, while half the park is being built on what used to be part of Market Street. Tristan Davies, who is the president of Melbourne Heritage Action, says it is "not great" that the new park is about half the size of the old plaza, and that part of it is being built on a section of road.

CORPORATES
MELBOURNE HERITAGE ACTION,{SHARE}CBUS PROPERTY PTY LTD,{SHARE}CITY OF MELBOURNE