Author: roymorgansocial

AMP chair to be Hayne’s biggest scalp

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Original article by Jennifer Hewett, Alice Uribe
The Australian Financial Review – Page: 1 & 19 : 30-Apr-18

Institutional investors have warned that they will vote against the re-election of three AMP directors at the upcoming AGM, even if chairman Catherine Brenner resigns. She is widely tipped to step down in the wake of a board meeting on 29 April. CEO Craig Meller recently resigned after misconduct at AMP was exposed by the banking royal commission. The revelations have weighed on AMP’s share price, which has fallen to its lowest level in more than five years.

CORPORATES
AMP LIMITED – ASX AMP, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, FIRST SUPER PTY LTD, LGSS PTY LTD, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, REST SUPER PTY LTD, HOST-PLUS, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, CGI GLASS LEWIS PTY LTD, BELL POTTER SECURITIES LIMITED, COCA-COLA AMATIL LIMITED – ASX CCL, BORAL LIMITED – ASX BLD, BRAMBLES LIMITED – ASX BXB

APRA to unveil CBA report this week

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Original article by James Eyers
The Australian Financial Review – Page: 19 : 30-Apr-18

An independent panel has spent more than six months examining the Commonwealth Bank’s governance and culture on behalf of the Australian Prudential Regulation Authority. The panel, which consists of corporate director Jillian Broadbent, former Australian Competition & Consumer Commission chairman Graeme Samuel and former APRA chairman John Laker, is due to report its findings to APRA on 30 April, with APRA to make the findings public in the next few days. It is likely that the panel will be critical of a lack of emphasis on risk culture at the bank, and of its investments in risk systems.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE

Kaufland set to open first store, suppliers told

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Original article by Eli Greenblat
The Australian – Page: 19 : 30-Apr-18

Grocery suppliers have been advised by German supermarket operator Kaufland that it plans to open its first Australian stores by the end of 2018. Kaufland has been advertising for executives in the past few months, with former Metcash and Woolworths executive Mark Hewlett joining it as chief operating officer. Its latest advertisements have called for executives with experience in areas such as fashion, accessories and homewares, leading to suggestions that it might be trying to take customers from general merchandise stores such as Kmart, Target and Big W.

CORPORATES
KAUFLAND STIFTUNG & CO KG, METCASH LIMITED – ASX MTS, WOOLWORTHS GROUP LIMITED – ASX WOW, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, COLES SUPERMARKETS AUSTRALIA PTY LTD, ALDI STORES SUPERMARKETS PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DAVID JONES LIMITED, MYER HOLDINGS LIMITED – ASX MYR

Sky changing the way it delivers news, digitally

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Original article by Darren Davidson
The Australian – Page: 24 : 30-Apr-18

Pay-TV provider Sky News Australia hopes to expand its audience by introducing content on its website that can be accessed only by registered users. There is speculation that Sky News could eventually adopt a pay-wall model for its online content. Meanwhile, Sky News will launch a dedicated Sky News UK channel in late May, which will replace the existing "red button" news service, while the A-PAC public affairs channel will be relaunched as Sky News Extra.

CORPORATES
SKY NEWS, FOXTEL MANAGEMENT PTY LTD, AUSTRALIAN BROADCASTING CORPORATION, SPECIAL BROADCASTING SERVICE (SBS)

Regional TV urges more deregulation

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 30-Apr-18

WIN Corporation, Prime Media and Southern Cross Austereo want the Federal Government to further relax cross-media ownership laws by scrapping the rule that a company can own just one TV broadcasting licence in a single market. This would enable regional broadcasters to merge, which Prime CEO Ian Audsley warns is crucial to the sector’s survival. He notes that the cost of buying content is rising while audiences and advertising revenue are fragmenting. Regional broadcasters have also called for the "two radio licences to a market" rule to be scrapped.

CORPORATES
WIN CORPORATION PTY LTD, PRIME MEDIA GROUP LIMITED – ASX PRT, SOUTHERN CROSS AUSTEREO PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, NINE NETWORK AUSTRALIA LIMITED, SEVEN NETWORK LIMITED, TEN NETWORK HOLDINGS LIMITED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FAIRFAX MEDIA LIMITED – ASX FXJ

Inflation Expectations down again in March before Federal Budget in early May

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Apr-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 March 2018. This is down 0.1% from a month ago, the second straight monthly fall, and also down 0.1% from March 2017. Inflation Expectations have now fallen for two consecutive months for the first time since June 2017 and are lower year over year for the first time since December 2016. Following these consecutive decreases Inflation Expectations are now well below the seven-year average of 5.0%. Analysing Inflation Expectations by political affiliation shows that ALP supporters are driving the fall, with the Inflation Expectations of L-NP supporters unchanged on a year ago and Greens supporters now with slightly higher Inflation Expectations.

CORPORATES
ROY MORGAN LIMITED, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS

SUVs gaining popularity as new car buying intention softens

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Apr-18

A Roy Morgan Single Source Survey, which was carried out in February 2018, shows that 2.23 million Australians aged +14 intend to purchase a new vehicle in the next four years. This is just below the same period in 2017 (2.55 million), the current record for intention to purchase a new vehicle. The number of Australians who intend to buy a new vehicle in the next 12 months has fallen by 90,000 in the last year, to 587,000. The survey also shows that 623,000 Australians intend to buy a new SUV/4FWD, five seater within the next four years, up 156,000 compared to the same period in 2017. Meanwhile, 483,000 Australians intend to by a four-door sedan in the next four years (down 109,000) and 319,000 intend to by a five-door car (down 180,000).

CORPORATES
ROY MORGAN LIMITED

Grill’d cooks competition with superior customer satisfaction

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Apr-18

A Roy Morgan Single Source survey shows that 12 million Australians aged 14+ visited a quick service restaurant in an average four-week period in the year to March 2018. Gourmet burger outlet Grill’d has topped the satisfaction ratings in each of the first three months of 2018, and it was a clear monthly winner in March with a customer satisfaction rating of 91.3%. It was followed by Crust (87.9%), Subway (87.5%), Fasta Pasta (86.6%) and Mad Mex (86.2%). Red Rooster (up 6.5%) has recorded the biggest improvement in satisfaction over the last 12 months, followed by Pizza Hut (up 6.2%) and Hungry Jack’s (up 3.1%). Those showing the largest declines in satisfaction were Pizza Capers (down 18.7%), La Porchetta (down 13%), Guzman y Gomez (down 7.4%) and Oporto (down 6.1%).

CORPORATES
ROY MORGAN LIMITED, GRILL’D PTY LTD, CRUST GOURMET PIZZA BAR PTY LTD, SUBWAY SANDWICHES PTY LTD, FASTA PASTA FAMILY RESTAURANTS PTY LTD, MAD MEX FRANCHISING PTY LTD, RED ROOSTER FOODS, PIZZA HUT AUSTRALIA, HUNGRY JACK’S PTY LTD, PIZZA CAPERS, LA PORCHETTA, GUZMAN Y GOMEZ PTY LTD, OPORTO PTY LTD

Pokies still the King of gambling in Australia

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Original article by Roy Morgan
Market Research Update – Page: Online : 30-Apr-18

The Roy Morgan Gambling Currency Reports show that poker machines (including online) account for 56.7% of all the dollars gambled in Australia. Meanwhile, 20.7% of the gambling dollar is spend on all forms of betting, including sports betting (5.2%) and horse racing, harness racing and greyhounds (15.5%). Lottery/Scratch tickets make up a further 14.2% of Australia’s gambling dollars, followed by Casino table games (including online) at 5.0% and Keno at 3.4%. Roy Morgan CEO Michele Levine notes that more than 2.7 million Australians aged 18+ (14.2%) use a poker machine in an average three months, significantly higher than the two million Australians (10.5%) who place a bet on a horse race, harness race, greyhounds or sporting event.

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ROY MORGAN LIMITED

Candidate’s plan to exhume 6000 market bodies

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Original article by Clay Lucas
The Age – Page: 11 : 27-Apr-18

Melbourne lord mayoral candidate Gary Morgan has pledged to exhume upwards of 6,000 skeletons buried under the Queen Victoria Market carpark if he wins the upcoming election. Morgan said the skeletons would be DNA tested, and their descendants would be allowed to decide where they should be buried. Morgan, who was one of six candidates taking part in a forum at the Melbourne Press Club, said exhuming the skeletons would enable an above-ground car park to be moved underground instead, with a park to be put on the surface. Other campaign promises aired at the forum included a proposal by Labor candidate Jennifer Yang to ban alcohol at the Town Hall.

CORPORATES
MELBOURNE CITY COUNCIL, MELBOURNE PRESS CLUB, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, PROPERTY COUNCIL OF VICTORIA