M69 Professional Scientific and Technical Services

ANZ-Roy Morgan Consumer Confidence: Low Confidence Needs a Boost

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 31-Mar-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 0.8 per cent to 112.3 in the week ended 29 March 2015, its third consecutive rise. While consumer confidence is now 2.3 per cent off its February lows, it remains below its long-run average. The sub-index for confidence in the economic outlook over the next year rose by one per cent, while confidence in the economic outlook over the next five years rose by 3.1 per cent. These indices are now 4.6 per cent and 4.5 per cent higher respectively since the February interest rate cut

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, RESERVE BANK OF AUSTRALIA

Fear of failure stifles innovation: McKeon

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Original article by Ruth Liew
The Australian Financial Review – Page: 27 : 26-Mar-15

Australian companies must become more innovative, AMP chairman Simon McKeon said on 25 March 2015. He noted that local businesses are more risk-averse than their US counterparts. He said foreign investors like Australia’s "AAA" credit rating. McKeon is also the chairman of CSIRO, whose funding was reduced in the 2014 federal Budget

CORPORATES
AMP LIMITED – ASX AMP, JP MORGAN AUSTRALIA LIMITED, CSIRO, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG

Fear of failure stifles innovation: McKeon

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Original article by Ruth Liew
The Australian Financial Review – Page: 27 : 26-Mar-15

Australian companies must become more innovative, AMP chairman Simon McKeon said on 25 March 2015. He noted that local businesses are more risk-averse than their US counterparts. He said foreign investors like Australia’s "AAA" credit rating. McKeon is also the chairman of CSIRO, whose funding was reduced in the 2014 federal Budget

CORPORATES
AMP LIMITED – ASX AMP, JP MORGAN AUSTRALIA LIMITED, CSIRO, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG

Budget woos small firms, start-ups

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 25-Mar-15

The Australian Government’s May 2015 Budget will include tax relief for small businesses, including those that are not incorporated. There were concerns that they would not receive the proposed 1.5 per cent reduction in the company tax rate for small businesses. The Government may also introduce accelerated depreciation for assets held by small businesses, while it intends to wind back changes to employee option schemes that were implemented by the Australian Labor Party

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

Big pressure to scrap small firms tax cut

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Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 24-Mar-15

The Council of Small Business Australia has urged the Federal Government to abandon a proposed 1.5 per cent tax cut for small businesses. CEO Peter Strong argues that the tax cut that has been proposed for the May 2016 Budget will do little to improve business confidence. The council instead favours the introduction of an accelerated depreciation rate of 150 per cent for the sector, a move which is also supported by several government MPs

CORPORATES
COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, AUSTRALIAN LABOR PARTY, RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

ANZ-Roy Morgan New Zealand Consumer Confidence – Somebody to Love

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 20-Mar-15

The ANZ-Roy Morgan New Zealand Consumer Confidence Index has risen from 124.0 in February 2015 to 124.6 in March. Stripping out the seasonal noise, the index showed a three point lift. The Current Conditions Index rose from 123.0 to 123.7, which is still consistent with solid rates of consumer spending, while the Future Conditions Index nudged up from 124.6 to 125.3, reinforcing the optimistic tone

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Future of work could be one award

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Original article by Ewin Hannan
The Australian Financial Review – Page: 1 & 9 : 20-Mar-15

The Business Council of Australia’s submission to an inquiry into workplace relations has proposed a gradual shift to a single industrial award for all sectors of the economy. As an interim measure, just one award would apply to each industry before being phased out in favour of a universal award. The employers’ association also proposes the adoption of one penalty rate for all employees, and paring back awards to cover just 10 employment issues

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. FAIR WORK COMMISSION

Diversity best defence against investment risk

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Original article by Sally Rose
The Australian Financial Review – Page: 13 & 18 : 16-Mar-15

Aberdeen Asset Management’s chief investment officer Anne Richards regards herself as an "activist investor" with regard to the issue of women directors. She believes that greater boardroom diversity can reduce investment risk, but says mandatory quotas for female directors is not necessarily the solution. Richards will launch Australia’s Women on Boards 2015 Diversity Index on 16 March 2015

CORPORATES
ABERDEEN ASSET MANAGEMENT LIMITED, WOMEN ON BOARDS, FTSE 100 INDEX

Men hold power but women have influence

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Original article by Patrick Durkin
The Australian Financial Review – Page: 36 : 13-Mar-15

Transurban chairman Lindsay Maxsted is the most powerful non-executive director in Australia. Women are under-represented on the 2015 list compiled by "BOSS" magazine, published by "The Australian Financial Review". In contrast, they are well represented on the "BOSS" list of the most influential Australian-listed company directors, occupying 15 of the top 20 spots

CORPORATES
TRANSURBAN GROUP LIMITED – ASX TCL, WESTPAC BANKING CORPORATION – ASX WBC, ASX LIMITED – ASX ASX, JAPARA HEALTHCARE LIMITED – ASX JHC, MEDIBANK PRIVATE LIMITED – ASX MPL, FAIRFAX MEDIA LIMITED – ASX FXJ, SIGMA PHARMACEUTICALS LIMITED – ASX SIP, PACIFIC BRANDS LIMITED – ASX PBG, YARRA TRAMS, ORIGIN ENERGY LIMITED – ASX ORG, QANTAS AIRWAYS LIMITED – ASX QAN, ORICA LIMITED – ASX ORI, LEND LEASE GROUP LIMITED – ASX LLC, TABCORP HOLDINGS LIMITED – ASX TAH, SANTOS LIMITED – ASX STO, COCHLEAR LIMITED – ASX COH, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, OPTIMICE PTY LTD, INSTAGRAM LLC, TWITTER INCORPORATED, UBER GLOBAL PTY LTD, AIRBNB INCORPORATED, SOCIETYONE AUSTRALIA PTY LTD, TYME, THOMSON REUTERS PLC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BHP BILLITON LIMITED – ASX BHP, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA

Businesses trading offshore will capitalise on ‘sweet spot’

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Original article by Timna Jacks, Lucille Keen
The Australian Financial Review – Page: 8 : 12-Mar-15

The Australian dollar reached a low of $US0.7588 on 11 March 2015. Anthony Halas, the CEO of swimwear group Seafolly, says his company’s domestic margins have been affected by the falling currency, but notes that the business has benefited from its international expansion. Hybrid Electronics proprietor Walter Berryman says his firm has also benefited from the lower dollar, as its purchasing and sales are in US dollars and its manufacturing costs are in the domestic currency

CORPORATES
SEAFOLLY PTY LTD, HYBRID ELECTRONICS AUSTRALIA PTY LTD, ASCIANO LIMITED – ASX AIO, McLACHLAN TOURS