Author: roymorgansocial

Fixers say they paid off Aussies

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Original article by Peter Lalor
The Australian – Page: 32 : 28-May-18

Australian cricket players have been embroiled in a match-fixing scandal. An investigation by broadcaster Al Jazeera has raised allegations that two unidentified Australians were paid to score runs slowly during a Test match at Ranchi in India in 2017. The match-fixers are also alleged to have doctored the pitch for a Test between Australia and Sri Lanka in Galle in 2016. Cricket Australia has released a statement saying that it is not aware of any "credible evidence" to suggest that Australian players are involved in match fixing, and that it will fully co-operate with an investigation by the International Cricket Council’s Anti-Corruption Unit.

CORPORATES
CRICKET AUSTRALIA, AL JAZEERA, INTERNATIONAL CRICKET COUNCIL

Australia’s iron ore age nears peak

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Original article by Peter Ker
The Australian Financial Review – Page: 10 : 28-May-18

Australia now accounts for about 62 per cent of all iron ore shipments to China, compared with 43 per cent in 2010. He Ming of Wood Mackenzie forecasts that Australia’s iron ore exports to China will peak at 895 million tonnes in 2020 and 2021, before holding steady at around 884 million tonnes beyond 2023. Tony Robson of Global Mining Research expects Chinese steel mills’ demand for Australian iron ore to fall in coming years, as annual steel production peaks. Factors such as increased iron ore production in Brazil are also expected to weigh on Australian producers.

CORPORATES
WOOD MACKENZIE, GLOBAL MINING RESEARCH PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD, VALE SA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, UBS HOLDINGS PTY LTD

Two banks warn of big payouts if grandfathered deal ends

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Original article by Joanna Mather
The Australian Financial Review – Page: 18 : 28-May-18

Certain commissions paid to financial advisers were banned as part of the Future of Financial Advice reforms in 2013. However, other types of commissions were "grandfathered". Michael Wright of Westpac subsidiary BT Financial Group has told the banking royal commission that grandfathered commissions should also be banned, but the ANZ Bank and AMP disagree. They have suggested that the federal government might have to pay compensation to advisers if grandfathered commissions were banned, while they have also suggested that a ban could be in breach of the Constitution.

CORPORATES
BT FINANCIAL GROUP PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AMP LIMITED – ASX AMP, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, LIBERAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY

Sky News goes free-to-air for regions

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Original article by Darren Davidson
The Australian – Page: 24 & 26 : 28-May-18

Pay-TV channel Sky News Australia has secured a content supply deal with regional broadcaster WIN Corporation. Sky News hopes to attract new subscribers to its full suite of channels via the deal, which is believed to includes a revenue-sharing arrangement. WIN will broadcast selected content from Sky News and Fox Sports News on a new 24-hour news channel to be called Sky News on WIN. Sky News has also held preliminary discussions with Seven West Media regarding a program supply deal, and Sky News Business has held talks with Nine Entertainment Company.

CORPORATES
SKY NEWS, WIN CORPORATION PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN NEWS CHANNEL PTY LTD, FOXTEL MANAGEMENT PTY LTD, TEN NETWORK HOLDINGS LIMITED, MULTI CHANNEL NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, AUSTRALIAN BROADCASTING CORPORATION, SKY PLC

Aussie dollar vulnerable to further EM turmoil

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Original article by Patrick Commins
The Australian Financial Review – Page: 22 : 28-May-18

The Australian dollar has shed three per cent against its US counterpart so far in 2018. Rodrigo Catril of National Australia Bank expects the currency to trade within a range of $US0.75 to $US0.77 for the rest of the year. However, he warns that sustained volatility in emerging markets is a potential risk for the Australian dollar. Catril adds that this risk should remain relatively low unless the volatility extends beyond countries such as Turkey, Argentina and Venezuela.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AMP CAPITAL INVESTORS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, BLOOMBERG LP

Metrotechs and Millennials have taken to Uber Eats, Menulog, Deliveroo, Foodora and more

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-18

A Roy Morgan Single Source survey shows that 9.8% of Australians aged 14+ now use Uber Eats, Menulog/Eatnow.com.au, Deliveroo or one of the many other meal delivery services in an average three months. The survey, which was carried out in the year to March 2018, also shows that 12.6% of city-dwellers have their meals delivered, compared with 4.5% of those in country areas. Meanwhile, 10.2% of Australian women and 9.4% of men use meal delivery services. Analysis by generation shows that 16.1% of Millennials/Gen Y use a meal delivery service in an average three months, compared to only 4.5% of Baby Boomers and 3.6% of Pre-Boomers. Roy Morgan’s Helix Personas geo-psychographic segmentation tool shows that the Metrotech community is most likely to use meal delivery services; 22.5% of Metrotechs do so, and Uber Eats is used by 16.4% of Metrotechs, ahead of Menulog/Eatnow.com.au (13.4%) and Deliveroo (7.3%).

CORPORATES
ROY MORGAN LIMITED, UBER EATS, MENULOG PTY LTD, EAT NOW SERVICES PTY LTD, DELIVEROO AUSTRALIA PTY LTD, FOODORA AUSTRALIA PTY LTD

Who uses financial advice professionals?

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-18

A Roy Morgan Single Source survey has found that 46.5% of Pre-Boomers with superannuation, managed funds and any kind of wealth management product had purchased them from a professional advisor, such as a financial planner or accountant. Only 7.4% of Millennials who have any type of wealth management product obtained it from a financial professional, and were much more reliant on their employer (89.1%). Generation Z shows a similar picture, with only 4.1% purchasing from a professional, compared to 91.7% from their employer. Nearly one in three Baby Boomers (31.7%) with a wealth management product purchased it from a professional, but they still relied much more on their employer (68.4%). Generation X also relied more on their employer when purchasing one of these products (83.8%) than a professional (17.0%).

CORPORATES
ROY MORGAN LIMITED

Millennials plan to travel more than other Australians

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-18

The Roy Morgan Holiday Tracking Survey for the year to March 2018 shows that 68.3% of Australians aged 14+ are intending to take a holiday in the next 12 months, down 0.7 ppts from the same period in 2017. Although the majority of Australians intend to have at least one holiday in the coming year, there are some clear generational differences. Some 65% of Millennials are intending to take a short holiday in the next 12 months. This is well above the average Australian at 56.4%. Gen X was the only other generation to be more likely to intend to take a short trip in the next 12 months (61.1%). Meanwhile, Gen X and Baby Boomers lead for intention to take a long trip in the next 12 months (of three nights or more). While Millennials are just over the average for intention, they are not travelling as much as Gen X and Baby Boomers, who make up a large portion of long trip intenders.

CORPORATES
ROY MORGAN LIMITED

ALDImobile builds on strong start to 2018

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Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-18

ALDImobile has won the Roy Morgan Mobile Phone Service Provider Monthly Customer Satisfaction Award for April, with a customer satisfaction rating of 84.1%. It is the brand’s second victory in 2018 and comes after leapfrogging March winner Virgin Mobile, which came in second in April on 80.8%. Analysis of the historical trends in satisfaction show that ALDImobile’s victory in April has been built upon a steady improvement over the last year; the brand has gained an average of just over 2ppts per month in customer satisfaction to catch and now overtake its rivals in recent months. ALDImobile is not itself a network provider but rather a Mobile Virtual Network Operator, which utilises the underlying Telstra mobile network to provide its service. When it comes to the underlying mobile networks, the Vodafone network with an overall customer satisfaction rating of 77.7% is narrowly ahead of both the Optus network on 76.9% and the Telstra network on 74.9%.

CORPORATES
ROY MORGAN LIMITED, ALDIMOBILE, VIRGIN MOBILE (AUSTRALIA) PTY LTD, VODAFONE AUSTRALIA LIMITED, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS

One Nation open to cutting deal on company tax cut

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 25-May-18

One Nation may be crucial to the Federal Government’s prospects of getting its company and personal income tax packages through the Senate. One Nation leader Pauline Hanson has indicated that the party may be willing to agree to a revenue threshold of $A500m for the company tax cuts. One Nation also supports the first two stages of the government’s three-stage personal income tax package, and if it backs the final stage the government would be able to pass the entire package without Labor’s support.

CORPORATES
ONE NATION PARTY, AUSTRALIAN LABOR PARTY, CENTRE ALLIANCE, NATIONAL PARTY OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN GREENS