Author: roymorgansocial

NAB charges double on super

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Original article by Elizabeth Redman
The Australian – Page: 17 & 20 : 20-Aug-18

The banking royal commission has spent the last two weeks grilling the superannuation sector over its fees and practices. Companies under the commission’s microscope have included National Australia Bank, with Australian Securities & Investments Commission deputy chairman Peter Kels stating that it planned to submit a brief to the Director of Public Prosecutions in regard to NAB’s "fee for no service" scandal. Meanwhile, it has been revealed that NAB unit MLC charges members of at least 10 super funds up to double the fees that are imposed by the fund’s external managers.

CORPORATES
AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, MLC LIMITED, THE VANGUARD GROUP INCORPORATED, MACQUARIE GROUP LIMITED – ASX MQG, PERPETUAL LIMITED – ASX PPT, PACIFIC INVESTMENT MANAGEMENT COMPANY LLC

Trust in politicians plummets

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Original article by Chris Merritt
The Australian – Page: 5 : 20-Aug-18

Trust in the federal government is at its lowest point since 2008, according to a survey by Griffith University and Transparency Inter­national. The decline in trust is linked to an increased belief that some federal MPs are corrupt, with 67 per cent of those surveyed favouring the creation of a federal anti-corruption body. Attorney-General Christian Porter says the government is examining existing anti-corruption arrangements and whether there is scope for them to be improved.

CORPORATES
GRIFFITH UNIVERSITY, TRANSPARENCY INTERNATIONAL, AUSTRALIA. ATTORNEY-GENERAL’S DEPT

It’s Official: Over 3.1 million New Zealanders read newspapers

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Aug-18

Roy Morgan has released its New Zealand Print Readership results for Newspapers and Magazines in the 12 months to June 2018. Over 3.1 million New Zealanders aged 14+ (80.2%) now read or access newspapers in an average seven-day period via print or online platforms. In addition, 2.3 million New Zealanders aged 14+ (59%) read magazines, whether in print or online. The "New Zealand Herald" remains the country’s most-read daily newspaper, with a total cross-platform audience of 1,806,000, up 2,000 on a year ago. Its modest cross-platform audience growth of 0.1% over the past year was outpaced by the "Sunday Star Times" (+6.3%), the "Otago Daily Times" (+4.7%) and the "Taranaki Daily News" (+14.8%). Meanwhile, automotive magazine "AA Directions" remains New Zealand’s most widely read magazine, with an average readership of 538,000 for each issue (up 31,000 on a year ago).

CORPORATES
ROY MORGAN LIMITED

News boss blames tech giants for erosion of trust in journalism

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Original article by Matthew Denholm
The Australian – Page: 2 : 20-Aug-18

Campbell Reid of News Corp does not believe that consumers’ trust in journalism has declined in recent years. However, he says that technologies companies such as Google and Facebook are solely responsible for any such decline in trust, and they need to take action to address this issue by removing fake news and ensuring that trusted news sources are given prominence on their platforms. Reid will be part of a panel discussion on trust in journalism at a conference in Hobart in September.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, AUSTRALIAN BROADCASTING CORPORATION, UNIVERSITY OF TASMANIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Investors expect more solid profits

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Original article by Patrick Commins
The Australian Financial Review – Page: 13 & 20 : 20-Aug-18

The S&P/ASX 200 has gained one per cent so far in August. Investor sentiment has been boosted by an earnings reporting season that has exceeded expectations, with more than 80 per cent of companies having posted higher profits than at the same time in 2017. Shane Oliver of AMP Capital also notes that the share prices about 60 per cent of companies have risen on the day their financial results were announced. BHP Billiton, Qantas and Woolworths are among about 70 major companies that are slated to release their latest results in the next week.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, AMP CAPITAL INVESTORS LIMITED, BHP BILLITON LIMITED – ASX BHP, QANTAS AIRWAYS LIMITED – ASX QAN, WOOLWORTHS GROUP LIMITED – ASX WOW, SOUTH32 LIMITED – ASX S32, COCA-COLA AMATIL LIMITED – ASX CCL, ATLAS FUNDS MANAGEMENT PTY LTD, QBE INSURANCE GROUP LIMITED – ASX QBE, WESFARMERS LIMITED – ASX WES, COLES SUPERMARKETS AUSTRALIA PTY LTD, JB HI-FI LIMITED – ASX JBH, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, TRIBECA INVESTMENT PARTNERS PTY LTD, DOMAIN HILL PROPERTY GROUP PTY LTD, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, CELESTE FUNDS MANAGEMENT LIMITED, MORGAN STANLEY AUSTRALIA LIMITED, AMCOR LIMITED – ASX AMC, BORAL LIMITED – ASX BLD, NEWCREST MINING LIMITED – ASX NCM, RIO TINTO LIMITED – ASX RIO

Matter Of Fact With Stan Grant

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Original article by Roy Morgan
abc.net.au – Page: Online : 20-Aug-18

Roy Morgan CEO Michele Levine discusses issues such as immigration, energy policy and the Paris climate agreement. She notes that research by Roy Morgan shows that the majority of Australians support Muslim immigration and euthanasia, while there is growing distrust of politicians and financial institutions such as banks. View the interview with Michelle from about 16:30 minutes into the program.

CORPORATES
ROY MORGAN LIMITED

AFL Premierships boost support for Tigers, Dogs & Hawks

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Aug-18

The Sydney Swans have again topped the annual Roy Morgan AFL supporter ladder, with 1.174 million supporters, although this is down 30,000 (-2.5%) from a year ago. The 2018 annual Roy Morgan AFL club supporters survey shows that the Western Bulldogs have had the biggest increase, lifting their support base by 104,000 (+42.1%) to 351,000 after their drought-breaking 2016 Premiership. Reigning AFL Premiers Richmond also saw a significant jump in support, up by 45,000 (+10.2%) to 487,000; neighbouring club Hawthorn, three-time Premiers between 2013-2015, saw support increase by 17,000 (+3.2%) to 545,000 to become the third most supported Victorian club. Collingwood is the most widely supported Victorian club with 660,000 supporters, just ahead of Essendon with 651,000 supporters. Meanwhile, Melbourne Football Club has the highest supporter to membership conversion rate, at 22.4%.

CORPORATES
ROY MORGAN LIMITED, AUSTRALIAN FOOTBALL LEAGUE, WESTERN BULLDOGS FOOTBALL CLUB, RICHMOND FOOTBALL CLUB, HAWTHORN FOOTBALL CLUB, COLLINGWOOD FOOTBALL CLUB, ESSENDON FOOTBALL CLUB, MELBOURNE FOOTBALL CLUB

PM’s leadership on knife edge

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Original article by Simon Benson, Dennis Shanahan, Joe Kelly
The Australian – Page: 1 & 4 : 20-Aug-18

The Federal Government held an emergency meeting of cabinet ministers at Parliament House on the evening of 19 August, amid growing unrest among the Coalition’s ranks over the proposed national energy guarantee. The leadership of Prime Minister Malcolm Turnbull is also under scrutiny, although Christopher Pyne says he still has the support of the majority of cabinet ministers. However, a senior minister has suggested that a leadership challenge is inevitable, while a number of MPs are said to have told Home Affairs Minister Peter Dutton that they will support him if he decides to challenge Turnbull.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF HOME AFFAIRS

Inflation Expectations of Home Owners lower than a year ago

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Aug-18

Australians aged +14 expect inflation of 4.3% per year over the next two years, according to the Roy Morgan Inflation Expectations Index for July 2018. This is down 0.2% from a month ago, and unchanged from July 2017. Inflation Expectations have now tracked in a narrow range between 4.3-4.5% for 13 straight months. Inflation Expectations remain well below the eight-year average of 5.0%. Analysis shows that Inflation Expectations for home owners in the three months to July 2018 dropped to 3.8%, down 0.1% on the same period a year ago, while Australians who are paying off their home had Inflation Expectations of 4.1% in the three months to July, up 0.1% on a year ago although still below the national average. Inflation Expectations for renter were at 5% for the three months to July, up by 0.2% from a year ago. July Inflation Expectations are based on a nationwide face-to-face survey of 5,288 Australians aged 14+.

CORPORATES
ROY MORGAN LIMITED

CFMEU faces cartel criminal charges

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Original article by David Marin-Guzman
The Australian Financial Review – Page: 3 : 17-Aug-18

The Australian Competition & Consumer Commission has launched legal action against the construction union, alleging that its Australian Capital Territory branch engaged in cartel activity. The Construction, Forestry, Maritime, Mining & Energy Union’s ACT secretary Jason O’Mara has also been charged with cartel offences. He could face up to 10 years’ jail if convicted, while the CFMMEU could be fined up to $10 million or 10 per cent of its turnover. The charges arise from a joint investigation by the ACCC and an Australian Federal Police taskforce in the wake of the trade union royal commission.

CORPORATES
CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIAN FEDERAL POLICE, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIA. DEPT OF JOBS AND SMALL BUSINESS, AUSTRALIAN LABOR PARTY, FEDERAL COURT OF AUSTRALIA