Author: roymorgansocial

Bega’s all abuzz for stung Capilano

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Original article by Eli Greenblat
The Australian – Page: 19 & 29 : 7-Sep-18

Bega Cheese has increased its stake in Capilano Honey to 8.4 per cent, after having secured an initial shareholding in the week ending 31 August. Capilano is currently the subject of a takeover bid from private equity groups Wattle Hill and ROC Partners, whose $20.06 per share offer values Capilano at more than $190 million. Bega executive chairman Barry Irwin states he is not perturbed by reports that Capilano may unknowingly be selling "fake honey". Irwin says Bega has not made any decisions about making a bid for Capilano itself.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, CAPILANO HONEY LIMITED – ASX CZZ, WATTLE HILL, ROC PARTNERS PTY LTD, AUSTRALIAN CAPITAL EQUITY PTY LTD, KIDDER WILLIAMS LIMITED, SAPUTO INCORPORATED, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED

Labor to prefer progress over blunt school report cards

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Original article by Rebecca Urban
The Australian – Page: 5 : 7-Sep-18

Labor education spokeswoman Tanya Plibersek said on 6 September that Australia’s school system is in general a high-performing one, but that there was always room for improvement. Plibersek said that if Labor wins the next election that it will introduce an assessment system that focuses on progress rather than achievement, which was one of the main recommendations of the Gonski review into education excellence. Another recommendation that Labor plans to adopt is an increased focus in the curriculum on capabilities such as problem-solving and creativity.

CORPORATES
AUSTRALIAN LABOR PARTY, MELBOURNE GRADUATE SCHOOL OF EDUCATION, AUSTRALIAN EDUCATION UNION, THE McKELL INSTITUTE, VICTORIA UNIVERSITY. MITCHELL INSTITUTE FOR HEALTH AND EDUCATION POLICY

If you love your country, love each other, says PM

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 7-Sep-18

Prime Minister Scott Morrison has called for an end to the "politics of envy" in a speech to Liberal Party members in Albury, which is regarded as the party’s birthplace. Morrison noted that "we all love Australia", but he questioned whether "we love all Australians". Morrison used the speech as an opportunity to outline some of his views, including a belief that some people should not be taxed more in order that others are taxed less. His speech did not contain any new policy announcements.

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

Border wars: Dutton hits back

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Original article by Rosie Lewis
The Australian – Page: 1 & 4 : 7-Sep-18

Home Affairs Minister Peter Dutton has accused his one-time Queensland Police Force colleague Roman Quaedvlieg of providing false evidence to a Senate inquiry. The Labor-led inquiry is investigating Dutton’s role in the granting of visas to two au pairs. Dutton appointed Quaedvlieg as Australia’s first ever Border Force Commissioner, but Quaedvlieg was dismissed from that role in March for misbehaviour. Quaedvlieg is being investigated about his misconduct, and Dutton suggested it might partly be the pressure of this investigation that caused him to give false evidence to the inquiry.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, AUSTRALIAN LABOR PARTY, AUSTRALIAN FOOTBALL LEAGUE

ASIC accuses NAB of $100m super rip-off

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Original article by Ben Butler, Michael Roddan
The Australian – Page: Online : 7-Sep-18

The Australian Securities & Investments Commission has launched legal action against National Australia Bank over the fee-for-no-service scandal. ASIC claimed in a suit filed with the Federal Court on 6 September that NAB had breached the law on 77 occasions, and that it had "ripped off" over 500,000 unwitting superannuation fund members to the tune of more than $100 million. ASIC claimed NAB’s actions had undermined confidence in the superannuation system, while NAB faces fines of up to $37.5 million.

CORPORATES
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, FEDERAL CIRCUIT COURT OF AUSTRALIA

Google appoints Melanie Silva as Australia and New Zealand managing director

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Original article by Max Mason
The Australian Financial Review – Page: Online : 7-Sep-18

Melanie Silva has been announced as Google Australia and New Zealand’s new MD. Silva, who has been with Google for over a decade and who is currently based in Singapore, replaces Jason Pellegrino. Pellegrino has joined online real estate classifieds company Domain. Karim Temsamani, Google president of Asia Pacific, says Silva is a great leader who gets the best out of people. Silva takes up her new role on 1 October.

CORPORATES
GOOGLE AUSTRALIA PTY LTD, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, FAIRFAX MEDIA LIMITED – ASX FXJ, CITI AUSTRALIA PTY LTD

Victoria’s urban growth suburbs rise more than 40pc

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Original article by Nick Lenaghan
The Australian Financial Review – Page: Online : 7-Sep-18

Municipalities in Melbourne’s south-east and south-west "growth corridors" have seen the biggest increase in land values following the latest municipal revaluations in Victoria. Land values in Frankston rose by 42 per cent, while values in Casey and Wyndham rose by close to 40 per cent. Factors that pushed up values in "growth corridors" included proximity to schools and first-home buyer incentives. The date used for the revaluation was 1 January, with the total value of all land in Victoria – residential, industrial, commercial and rural – increasing from $1.88 trillion to $2.3 trillion.

CORPORATES
LAND VICTORIA

ANZ and CBA hike variable home loans rates

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Original article by Michael Roddan
The Australian – Page: Online : 7-Sep-18

The Commonwealth Bank and the ANZ both announced increases to their variable home loan rates on 6 September. The ANZ will increase its rates by 16 basis points as from 27 September, while the CBA’s 15 basis point increase will take effect from 4 October. Fred Ohlsson, the head of ANZ Australia, said the decision to lift rates was a difficult one, while CBA retail bank boss Angus O’Sullivan said it had lifted its rates after "careful consideration". The announcement by the ANZ and the CBA that they were lifting their rates prompted the Australian dollar to fall from $US0.7202 to $US0.7180.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, RESERVE BANK OF AUSTRALIA

Costco tops for discount department store satisfaction

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Original article by Roy Morgan
Market Research Update – Page: Online : 7-Sep-18

New research from Roy Morgan shows Costco as Australia’s leading discount department store with a customer satisfaction of 88.6% in July, just ahead of rivals Target on 88.5% and Kmart on 88.4%. The impressive ratings for the industry underlie that 87.5% of customers of discount department stores are satisfied, an increase of 1.1% points over the year. All five leading discount department stores increased their customer satisfaction, with the biggest improvement over the past year coming from Best & Less, which rose 1.8% year on year for a customer satisfaction rating of 86.4. These are the latest results from Roy Morgan’s Discount Department Store Satisfaction Report which is based on in-depth personal interviews conducted face-to-face with over 50,000 Australians per annum in their own homes.

CORPORATES
ROY MORGAN LIMITED, COSTCO WHOLESALE AUSTRALIA PTY LTD, TARGET AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, BEST AND LESS PTY LTD, BIG W DISCOUNT STORES, COUNTRY ROAD LIMITED, HARRIS SCARFE HOLDINGS LIMITED

CA in hunt for new CEO and new image

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Original article by Jon Pierik
The Age – Page: 38 : 6-Sep-18

Cricket Australia is continuing its search for a replacement for James Sutherland, who is stepping down as CEO after 17 years. The number of potential candidates has been whittled down to four, with Sutherland’s current deputy Kevin Roberts and Melbourne Grand Prix chairman John Harnden among the contenders. Meanwhile, CA will release its Australian Cricket Census on 6 September, with the number of Victorians who played cricket in the 2017-18 season up 13.46 per cent to 426,959. Female participation in Victorian cricket rose by 31 per cent, while multicultural participation increased by 33.13 per cent.

CORPORATES
CRICKET AUSTRALIA, MELBOURNE GRAND PRIX ORGANISATION, WESTFIELD CORPORATION