King cash dethroned as cards lead a revolution at the till

September 15, 2017roymorgansocial Leave a comment

Original article by Richard Gluyas
The Australian – Page: 23 : 15-Sep-17

The Reserve Bank of Australia’s latest triennial customer payments survey highlights the continuing decline in the use of cash as a payment option, in favour of debit and credit cards. The proportion of consumer transactions that were carried out with cash has fallen from 70 per cent in 2007 to just 37 per cent in fiscal 2016. However, cash remains the most popular payment option for transactions costing less than $A10, while cash is still widely used by older people. There was also a 20 per cent decline in payments via cheque in 2016-17.

CORPORATES
RESERVE BANK OF AUSTRALIA

Two strikes rule reining in exec pay

August 24, 2017roymorgansocial Leave a comment

Original article by Joanna Mather
The Australian Financial Review – Page: 3 : 24-Aug-17

The Australian Council of Superannuation Investors has released the findings of a survey which shows that the top listed companies have not significantly increased their CEOs’ salaries in the last 10 years. The annual fixed pay of S&P/ASX 100 CEOs has been steady at about $A1.9m, while bonuses have also been relatively steady. ACSI CEO Louise Davidson notes that the trend has coincided with the introduction of the "two strikes" rule.

CORPORATES
AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, STANDARD AND POOR’S 500 INDEX, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, CHALLENGER LIMITED – ASX CGF, MACQUARIE GROUP LIMITED – ASX MQG, JAMES HARDIE INDUSTRIES PLC – ASX JHX, WESTFIELD CORPORATION – ASX WFD, PREMIER INVESTMENTS LIMITED – ASX PMV, BT INVESTMENT MANAGEMENT LIMITED – ASX BTT, CSL LIMITED – ASX CSL, FORTESCUE METALS GROUP LIMITED – ASX FMG, QANTAS AIRWAYS LIMITED – ASX QAN

Accuracy doubt on uni rape research

August 3, 2017roymorgansocial Leave a comment

Original article by Ean Higgins
The Australian – Page: 6 : 3-Aug-17

Sex Discrimination Commissioner Kate Jenkins says Roy Morgan Research has confirmed that the results of a survey on sexual assault at Australian universities are statistically valid. Roy Morgan undertook the survey on behalf of the Australian Human Rights Commission. Jenkins adds that an independent expert has reviewed the survey methodology and data. The survey found that 1.6 per cent of respondents had been sexually assaulted at university and 26 per cent had been sexually harassed.

CORPORATES
AUSTRALIA. SEXUAL DISCRIMINATION COMMISSION, ROY MORGAN RESEARCH LIMITED, AUSTRALIAN HUMAN RIGHTS COMMISSION

Nation ‘more equal than the 70s’

August 3, 2017roymorgansocial Leave a comment

Original article by Rachel Baxendale, David Uren
The Australian – Page: 2 : 3-Aug-17

The Melbourne Institute’s Roger Wilkins has disputed claims by Federal Opposition Leader Bill Shorten than inequality in Australia is at its highest level in 75 years. Professor Wilkins is the author of the Household Income and Labour Dynamics in Australia (HILDA) study, which found that average living standards across all income groups have increased since the annual survey began in 2001. He suggests that equality in Australia is now higher than it was four decades ago.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, GRATTAN INSTITUTE

Typical family earns less than 2009 income

August 2, 2017roymorgansocial Leave a comment

Original article by Peter Martin
The Age – Page: 10 : 2-Aug-17

Analysis of data from the Household Income and Labour Dynamics in Australia (HILDA) survey shows that median real household disposable income was $A76,225 in 2015, compared with $A77,411 prior to the onset of the global financial crisis. The data also shows that the typical household income in Melbourne has increased by $A9,785 since the annual HILDA survey began in 2001, while typical household income in Sydney has risen by just $A5,182 over the last 15 years.

CORPORATES
UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, AUSTRALIA. DEPT OF SOCIAL SERVICES

Mortgage stress growing: ME Bank

July 31, 2017roymorgansocial Leave a comment

Original article by Michael Bleby
The Australian Financial Review – Page: 7 : 31-Jul-17

Almost 50 per cent of Australian mortgage holders are spending more than 30 per cent of their pre-tax income on repayments, according to a survey by ME Bank. It also found that borrowers are less confident than they were six months ago about their ability to meet minimum mortgage repayments, with investors more pessimistic than owner-occupiers. Similarly, borrowers are less confident than when previously surveyed about their ability to repay more than the minimum amount on their mortgage.

CORPORATES
ME BANK, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Retail property sentiment dips

July 28, 2017roymorgansocial Leave a comment

Original article by Elizabeth Redman
The Australian – Page: 23 : 28-Jul-17

National Australia Bank’s latest survey of the commercial property sector has revealed that sentiment is at its least optimistic in the retail property segment. Sentiment in that category is at its lowest since the end of 2014, in part due to the looming arrival of Amazon. Sentiment towards CBD hotels is also down, but sentiment in the office and industrial segments rose. Looking at individual states, sentiment has improved in Victoria, Queensland and Western Australia, but declined in New South Wales.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AMAZON.COM INCORPORATED

Property price growth set to halve

July 13, 2017roymorgansocial Leave a comment

Original article by Matthew Cranston, Michael Bleby
The Australian Financial Review – Page: 1 & 30 : 13-Jul-17

A new survey of property industry professionals shows that most expect a slowdown in residential property price growth in the next 12 months. The ANZ/Property Council of Australia index of house price growth expectations has fallen from 20.2 points to 4.3 points. The anticipated slowdown is particularly acute in Sydney, with house price growth expectations falling from 29.6 points to 1.7 points. The survey also shows that property professionals are bearish about the outlook for capital growth in the retail property sector.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, PROPERTY COUNCIL OF AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, CORELOGIC AUSTRALIA PTY LTD, MOODY’S ANALYTICS AUSTRALIA PTY LTD, HSBC AUSTRALIA HOLDINGS PTY LTD, BIS SHRAPNEL PTY LTD, RAY WHITE GROUP, AVENTUS PROPERTY GROUP PTY LTD, QUINTESSENTIAL EQUITY PTY LTD, RESERVE BANK OF AUSTRALIA, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY

Australia’s miners don’t have innovation plan, says report

June 20, 2017roymorgansocial Leave a comment

Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 20-Jun-17

VCI’s latest "Innovation: State of Play" report has found that around 98 per cent of Australian mining professionals regard innovation as "important" or "critical" to their long-term business strategy. However, just 26 per cent said their company’s time-frame for innovation is at least three years. In contrast, 63 per cent of South African mining companies have a long-term focus on innovation. VCI’s founding partner Graeme Stanway says that, amongst other things, local mining companies need to stress the importance of innovation when engaging with investors.

CORPORATES
VCI, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

ABIX

Australia's News Summarising Service

MARKET SURVEYS – AUSTRALIA