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Southern Cross wants CEO ready for deals

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Original article by Dominic White
The Australian Financial Review – Page: 15 & 20 : 12-May-15

Heidrick & Struggles has been hired to find a successor to Southern Cross Media Group CEO Rhys Holleran, who will step down on 31 July 2015. Non-executive chairman Peter Bush will take up the role of executive chairman until Holleran’s replacement is appointed. Bush says priorities for the new CEO will include reversing a downturn in revenue and preparing the group for potential cross-media ownership reforms.

CORPORATES
SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, HEIDRICK AND STRUGGLES AUSTRALIA LIMITED, APN NEWS AND MEDIA LIMITED – ASX APN, AUSTRALIAN RADIO NETWORK PTY LTD, NEWS CORP AUSTRALIA PTY LTD, 2DAY FM AUSTRALIA PTY LTD, KIIS1065, TEN NETWORK HOLDINGS LIMITED – ASX TEN, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN LABOR PARTY, NETFLIX INCORPORATED, GOOGLE INCORPORATED, MACQUARIE GROUP LIMITED – ASX MQG

UBS small-caps funds feature lithium play

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 18 : 11-May-15

Demand for lithium is rising by 10 per cent each year, and Australian-listed Orocobre’s Olaroz mine in Argentina yields 10 per cent of global supply. UBS Global Asset Management is upbeat about Orocobre, while Western Areas and Sundance Energy are the only other resources stocks in the portfolios of its small and micro-capitalisation funds at present.

CORPORATES
OROCOBRE LIMITED – ASX ORE, WESTERN AREAS LIMITED – ASX WSA, SUNDANCE ENERGY AUSTRALIA LIMITED – ASX SEA, UBS GLOBAL ASSET MANAGEMENT (AUSTRALIA) LIMITED, TESLA MOTORS INCORPORATED, SIRIUS RESOURCES NL – ASX SIR

Toll to drop off ASX after Japan Post vote

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 11-May-15

Toll Holdings shareholders are widely tipped to vote in favour of a $A6.5bn takeover offer from Japan Post on 13 May 2015. The deal, which requires the support of 75 per cent of shareholders, has received regulatory approval in Australia, Japan and New Zealand. Toll will be delisted if shareholders approve the deal.

CORPORATES
TOLL HOLDINGS LIMITED – ASX TOL, JAPAN POST, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, NEW ZEALAND. OVERSEAS INVESTMENT COMMISSION, JAPAN FAIR TRADE COMMISSION, FEDERAL EXPRESS CORPORATION, TNT EXPRESS WORLDWIDE, AUSTRALIA POST, OFFICEWORKS SUPERSTORES PTY LTD, MAILMAN GROUP, GRANT SAMUEL AND ASSOCIATES PTY LTD

Will CSL shares break the $100 barrier?

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Original article by Stephen Cauchi
The Australian Financial Review – Page: 31 : 13-Apr-15

Shares in biotechnology group CSL reached a record $A95.43 on 20 March 2015, prompting speculation that the stock could rise above $A100. A full-year profit downgrade saw the stock fall to $A83 in February, but it has since rebounded to $A95.11 on 10 April. Credit Suisse has upgraded its share price target from $A88 to $A106 in recent weeks, while UBS, Macquarie Group and Goldman Sachs also expect the stock to top $A100

CORPORATES
CSL LIMITED – ASX CSLCREDIT SUISSE (AUSTRALIA) LIMITEDUBS HOLDINGS PTY LTDMACQUARIE GROUP LIMITED – ASX MQGGOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTDWILSON HTM INVESTMENT GROUP LIMITED – ASX WIGJP MORGAN AUSTRALIA LIMITEDCOMMONWEALTH BANK OF AUSTRALIA – ASX CBAMORNINGSTAR PTY LTDBBY LIMITEDRIO TINTO LIMITED – ASX RIOCSL BEHRING

ISPs resist bill to crack down on illegal downloads

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Original article by Dominic White
The Australian Financial Review – Page: 39 : 13-Apr-15

Communications Alliance CEO John Stanton says the Copyright Amendment (Online Infringement) Bill should be carefully worded to ensure that websites that are not breaching copyright are not inadvertently blocked. He has also expressed concern that the bill does not state that the cost of blocking infringing sites will be met by rights holders rather than ISPs. Submissions to a Senate committee that is examining the bill are due in mid-April 2015

CORPORATES
COMMUNICATIONS ALLIANCE LIMITEDVILLAGE ROADSHOW LIMITED – ASX VRLAUSTRALIA. DEPT OF COMMUNICATIONSIINET LIMITED – ASX IINSINGTEL OPTUS PTY LTDFEDERAL COURT OF AUSTRALIAFOXTEL MANAGEMENT PTY LTDAUSTRALIA. ATTORNEY-GENERAL’S DEPTHOLDING REDLICH

Inkl’s quest to make online news pay

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Original article by Paul McIntyre
The Australian Financial Review – Page: 40 : 13-Apr-15

Ex-Fairfax Media executive Gautam Mishra has launched a pay-per-view online news service called Inkl, which provides subscribers with access to news content from a range of international media groups. The new venture has financial backing from former US newspaper editor Marcus Brauchli, who believes that most newspaper readers now accept the need to pay for access to some online content

CORPORATES
INKL

Driver safety start-up targets $60m float

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Original article by Sally Rose
The Australian Financial Review – Page: 22 : 13-Apr-15

Auto Innovations Group will offer its shares at $A0.20 each in an Australian IPO that aims to raise between $A8m and $A10m. The group will have a market capitalisation of $A60m if the offer is fully subscribed. The company has gained a patent in the US for its Reserve Alert System, which aims to prevent accidental deaths when vehicles are reversing. It is also seeking patents in Australia and a number of other countries

CORPORATES
AUTO INNOVATIONS GROUP LIMITED – ASX AINTOLL HOLDINGS LIMITED – ASX TOLNORTH COAST TAXIS

Newspaper rivals link up to push print

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Original article by Jared Lynch
The Australian Financial Review – Page: 41 : 13-Apr-15

Data from SMI shows that Australian newspapers’ share of advertising revenue booked by media agencies fell to 10.4 per cent in 2014, compared with 17.6 per cent in 2011. However, The Newspaper Works chairman Michael Miller is upbeat about the outlook for print media. He notes that advertisers have limited options in terms of print newspapers in Australia. The nation’s four major print media groups will co-operate on a $A5m marketing campaign for the sector

CORPORATES
SMI MEDIA INCORPORATEDTHE NEWSPAPER WORKS LIMITEDFAIRFAX MEDIA LIMITED – ASX FXJNEWS CORP AUSTRALIA PTY LTDNEWS CORPORATION – ASX NWSAPN NEWS AND MEDIA LIMITED – ASX APNSEVEN WEST MEDIA LIMITED – ASX SWMGOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTDNETFLIX INCORPORATEDTHE NIELSEN COMPANY (AUSTRALIA) PTY LTDSPINACH ADVERTISING PTY LTD

Hockey warns of $US35 iron ore

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Original article by Phillip CooreyLaura Tingle
The Australian Financial Review – Page: 1 & 4 : 13-Apr-15

The price of iron ore is currently trading at around $US47 per tonne, compared with a forecast of $US60 in the Australian Government’s Budget update in December 2014. The sharp fall in the iron ore price could reduce government revenue by around $A6.25bn a year, as the May 2015 Budget forecast will take into account the possibility that the price could fall to $US35 a tonne. Treasurer Joe Hockey says it is too soon to suggest a timeframe for returning the Budget to surplus

CORPORATES
AUSTRALIA. DEPT OF THE TREASURYNEW SOUTH WALES. DEPT OF PREMIER AND CABINETLIBERAL PARTY OF VICTORIAAUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINETRESERVE BANK OF AUSTRALIAAUSTRALIAN GREENSBHP BILLITON LIMITED – ASX BHPRIO TINTO LIMITED – ASX RIO

Australian real unemployment still ‘stuck’ well above 10% in March

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Apr-15

A Roy Morgan Research survey on Australia’s labour market has found that the real unemployment rate was 10.8 per cent in March 2015. The number of people in the workforce now totals a record 12,670,000 (up 75,000 since March 2014), while the number of people who are underemployed has risen by 31,000 in the last 12 months to 976,000 (7.7 per cent of the workforce). The official unemployment rate was 6.3 per cent in February 2015. Roy Morgan Research executive chairman Gary Morgan says that to stand any chance of re-election in 2016 the Federal Government must undertake tough industrial relations reforms, starting within the abolition of weekend and public holiday penalty rates

CORPORATES
ROY MORGAN RESEARCH LIMITEDAUSTRALIAN BUREAU OF STATISTICSRESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED