Original article by Aleks Vickovich
The Australian Financial Review – Page: 18 : 12-Nov-19
Australia’s four major banks and their subsidiaries experienced a 10 per cent fall in market share in business lending and equipment finance in 2018-19, according to the inaugural business lending index report, put together by mortgage aggregator FAST. FAST Group CEO Brendan Wright says the ability of the major banks to service the demands of business customers is being hampered by distractions and regulatory hurdles, and that non-bank players are taking advantage of this situation.
FAST GROUP, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB
Original article by Richard Gluyas
The Australian – Page: 21 : 4-Sep-19
Data from UBS shows that Australia’s major banks account for 79 per cent of existing mortgage loans. However, Jon Mott of UBS says their share of new home loans is likely to keep falling as the trend toward alternatives such as mortgage brokers gathers pace. UBS also notes that the proportion of home loans that are sold via bank branches has fallen from 48 per cent in fiscal 2013 to just 37 per cent. Mott notes that the major banks’ aggressive push to close bank branches in recent years has contributed to the growing use of mortgage brokers.
UBS HOLDINGS PTY LTD
Original article by Duncan Hughes
The Australian Financial Review – Page: 3 : 6-Aug-19
Analysis by Morgan Stanley suggests that smaller Australian banks and non-authorised deposit-taking institutions are enjoying stronger growth in mortgage lending than the nation’s four largest banks. The ‘big four’ are attempting to counter this by offering incentives and aggressively reducing their interest rates, but some of the smaller lenders are matching these offers. Meanwhile, data from Australian Finance Group shows that the market share of non-bank lenders rose to a record 42 per cent in the June quarter.
MORGAN STANLEY AUSTRALIA LIMITED, AUSTRALIAN FINANCE GROUP LIMITED – ASX AFG, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, ME BANK, BENDIGO BANK, CANSTAR PTY LTD, THINKTANK, THE BLACKSTONE GROUP LP, LA TROBE FINANCIAL PTY LTD
Original article by Simon Evans, Tim Boyd
The Australian Financial Review – Page: 13 & 16 : 23-Jul-19
Asahi Beverages Australia’s executive chairman Peter Margin has downplayed suggestions that the acquisition of Carlton & United Breweries may force the Japanese group to sell some beer brands due to competition concerns. CUB is estimated to have a 48.8 per cent share of the Australian beer market, while the market share of Asahi’s brands is about 1.2 per cent. CUB may have increased its market share in June after it engaged in heavy price discounting and trade loading in the lead-up to the end of the financial year.
ASAHI BREWERIES LIMITED, CARLTON AND UNITED BREWERIES, ASAHI BEVERAGES AUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LION PTY LTD, COOPERS BREWERY LIMITED, ANHEUSER-BUSCH INBEV SA/NV, SABMILLER PLC, FOSTER’S GROUP LIMITED, STONE AND WOOD BREWING COMPANY PTY LTD
Original article by Bridget Carter, Eli Greenblat
The Weekend Australian – Page: 25 & 28 : 20-Jul-19
Japan-based Asahi is set to acquire Carlton & United Breweries in a $16bn deal, subject to approval by the Foreign Investment Review Board and the Australian Competition & Consumer Commission. The deal includes beer brands such as Victoria Bitter and Carlton Draught, and is expected to be finalised in the March 2020 quarter. Asahi secured the deal after Anheuser-Busch InBev abandoned plans for an IPO of its Asian brands, including CUB. The IPO documents show that CUB had a 48.8 per cent share of the Australian market in 2018, while rival brewer Lion – which is owned by Japan’s Kirin – had a 36.4 per cent market share.
CARLTON AND UNITED BREWERIES, ASAHI BREWERIES LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, ANHEUSER-BUSCH INBEV SA/NV, LION PTY LTD, KIRIN HOLDINGS COMPANY LIMITED
Original article by Robyn Ironside
The Australian – Page: 19 : 12-Jun-19
New figures show that Qantas increased its share of Australia’s international travel market from 16.9 per cent to 18.2 per cent in March 2019. Qantas and its subsidiary airlines lifted their combined share of international passengers to 27.4 per cent, while Virgin Australia’s market share increased from six per cent to 6.7 per cent. The Bureau of Infrastructure, Transport & Regional Economics’ data also shows that international passenger numbers fell by 2.5 per cent year-on-year in March.
QANTAS AIRWAYS LIMITED – ASX QAN, JETSTAR AIRLINES PTY LTD, JETSTAR ASIA, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT. BUREAU OF INFRASTRUCTURE, TRANSPORT AND REGIONAL ECONOMICS, THE AUSTRALIAN FEDERATION OF TRAVEL AGENTS LIMITED, INTERNATIONAL AIR TRANSPORT ASSOCIATION, AMERICAN AIRLINES INCORPORATED, SINGAPORE AIRLINES LIMITED, AIR NEW ZEALAND LIMITED – ASX AIZ, EMIRATES AIRLINES
Original article by Roy Morgan
Market Research Update – Page: Online : 8-Apr-19
Roy Morgan’s latest ‘Supermarket & Fresh Food Currency Report’ shows that Woolworths increased its share of Australia’s total grocery market to 34% in 2018, an increase of 1.4ppts. Coles’ share of the total grocery market fell 1.6ppts to 27.6% in 2018, while Aldi’s market share grew by 0.5ppts to 11.4% and IGA’s market share was down 0.4ppts to 7.1%. Over the last year Woolworths has grown its market share in dollar terms across all four fresh food sub-categories (fresh meat, fresh deli, fresh bread, and fresh fruit and vegetables) and increased its lead over nearest rival Coles. The report is compiled from data collected as part of Roy Morgan’s Single Source survey, which involves more than 50,000 in-home, face-to-face interviews each year, including more than 12,000 detailed surveys of grocery and fresh food buying behaviour.
ROY MORGAN LIMITED, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES GROUP LIMITED – ASX COL, ALDI STORES SUPERMARKETS PTY LTD, IGA
Original article by Roy Morgan
Market Research Update – Page: Online : 1-Feb-19
Australia’s total fresh food market (comprising meat, bread, deli, fruit, vegetables and seafood) now has an annual retail value of $38.8bn. Supermarkets currently hold 71.4% of this market, up from 69.0% 12 months ago and representing a continuation of a long-term trend. Woolworths has increased its lead over Coles in the 12 months to September 2018, with a market share gain in fresh food of 1.0% points (to 27.4%), compared to a gain of 0.6% points for Coles (to 24.6%). Aldi showed the second biggest gain, being up 0.8% points to 9.8%, leaving it in third place and well ahead of IGA on 6.0%. Of the smaller fresh food retailers, butchers showed the biggest decline, down 1.1% points to 7.0%, followed by fruit shops, down 0.7% points to 6.7%. These are some of the latest findings from Roy Morgan’s ‘Supermarket & Fresh Food Currency Report-September 2018’, which is based on in-depth interviews conducted face-to-face with over 50,000 consumers per annum in their homes, including detailed questionnaires of over 12,000 grocery buyers.
ROY MORGAN LIMITED, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS SUPERMARKETS, ALDI STORES SUPERMARKETS PTY LTD, IGA
Original article by Roy Morgan
Market Research Update – Page: Online : 3-Dec-18
Roy Morgan’s latest Supermarket & Fresh Food Currency Report shows that Woolworths has a 27.4% share of Australia’s fresh food market, ahead of Coles (24.6%) and Aldi (9.8%). In fresh seafood, which accounts for 7 per cent of the overall fresh food sector, stand-alone shops still have the largest market share in dollar terms. However, among supermarkets Woolworths has opened up a strong lead over rival Coles during the 12 months to September 2018. Woolworths also continues to hold the largest market share in dollar terms of fresh meat, fresh deli, fresh bread and fresh fruit and vegetables, although Coles has narrowed the market share gap in all those categories in the 12 months to September. The Supermarket & Fresh Food Currency Report is compiled from data collected as part of Roy Morgan’s Single Source survey, which involves more than 50,000 in-home, face-to-face interviews each year, including more than 12,000 detailed surveys of grocery and fresh food buying behaviour.
ROY MORGAN LIMITED, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES GROUP LIMITED – ASX COL, ALDI STORES SUPERMARKETS PTY LTD
Original article by Ben Potter
The Australian Financial Review – Page: 10 : 24-May-18
AGL Energy’s market power has come under scrutiny in the wake of its refusal to back down on plans to shut down the Liddell coal-fired power station in 2022. However, former Australian Competition & Consumer Commission chairman Allan Fels says neither the competition regulator or the federal government have the power to force a company to sell assets or take action to reduce its market share. Fels says there may be a case for adding divestiture powers to section 46 of the Competition and Consumer Act, although the Harper review in 2015 rejected this in favour of an "effects test".
AGL ENERGY LIMITED – ASX AGL, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, ORIGIN ENERGY ASSET MANAGEMENT LIMITED, ENGIE SA, ENERGYAUSTRALIA PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, DELOITTE ACCESS ECONOMICS PTY LTD