Editor’s Pick

Editor’s pick of news and events from around Australia and the world.

Employee-Owned Companies Outperform ASX200

Employee-Owned Companies Outperform ASX200

By on February 16, 2017 in Editor's Pick with 0 Comments

A new index launched by Employee Ownership Australia (EOA) shows that companies with a strong employee ownership culture command a significant share price premium over publicly listed peers. The Index focuses on the performance of listed companies with employee ownership compared to the ASX200. Angela Perry, Chair of EOA, said that “employee ownership delivers numerous […]

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Australians would switch banks if it was easier

Australians would switch banks if it was easier

By on February 15, 2017 in Editor's Pick with 0 Comments

A national poll undertaken by Blackmarket Research has revealed that Australians are interested in switching home loan providers but are put off by the difficulty of the process. While over a third of people say they are considering changing home loans in the next year, a third are also put off by the pain involved. […]

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Teachers Mutual Bank joins the Global Alliance for Banking on Values

Teachers Mutual Bank joins the Global Alliance for Banking on Values

By on February 2, 2017 in Editor's Pick, News with 0 Comments

Teachers Mutual Bank Limited is now one of 39 member banks in the Global Alliance for Banking on Values (GABV), an international network to support value-based banking. Steve James, CEO of Teachers Mutual, said ‘doing business ethically and sustainably are core values that drive our model of mutual banking. Joining the GABV reflects our desire […]

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RACQ announces purchase of 50% stake in TicketMates

RACQ announces purchase of 50% stake in TicketMates

By on February 2, 2017 in Editor's Pick, News with 0 Comments

RACQ, a BCCM member, has taken a 50% share in TicketMates, one of Queensland’s largest entertainment ticket retailers. RACQ Group CEO Ian Gillespie explained that the purchase was part of an ongoing diversification strategy to bring more benefits to members of the mutual. RACQ is already Australia’s largest reseller of movie tickets. Members of the […]

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New report shows strength of co-operative sector in NZ

New report shows strength of co-operative sector in NZ

By on January 25, 2017 in Editor's Pick, News with 0 Comments

A new report mapping the size and scale of New Zealand’s co-operative economy has found the sector contributes revenues of more than $42.3 billion per annum to the country’s economy with the Top 30 co-operatives and mutuals responsible for 1.4 million memberships, employment of 48,500 people, and a revenue to GDP ratio of 17.5 per cent. Of the […]

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COBA calls for Federal Budget action on banking competition

COBA calls for Federal Budget action on banking competition

By on January 20, 2017 in Editor's Pick, News with 0 Comments

COBA today called on the Turnbull Government to allocate funds in the May Budget to bring forward a planned Productivity Commission review of banking competition. “COBA requests allocation of funding to enable the Productivity Commission to complete the first such review by the end of 2017. The Government’s current commitment is to commence, but not […]

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CBH records strong result for 2016

CBH records strong result for 2016

By on January 10, 2017 in Editor's Pick, News with 0 Comments

The CBH Group has reported a strong year for 2015-16 with a pre-rebate surplus of $110.2 million. Net Profit After Tax (NPAT) was $49.8 million while rebates to growers totalled $62.7 million. Over the 2015-16 year the co-operative and BCCM member managed a harvest of 13.6 million tonnes – equalling the state’s fourth-largest on record. […]

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Employee Ownership Index launched by Employee Ownership Australia

Employee Ownership Index launched by Employee Ownership Australia

By on December 22, 2016 in Editor's Pick with 0 Comments

Employee Ownership Australia and New Zealand (EOA) has launched a new Employee Ownership Index. Angela Perry, head of EOA, explained in an interview that the index will allow EOA to compare the performance of employee owned enterprises with their peers. The index demonstrates a positive connection between employee ownership and productivity, diversity and sustainability. ASX200 companies […]

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Deloitte report finds work to be done on banking reform

Deloitte report finds work to be done on banking reform

By on December 18, 2016 in Editor's Pick with 0 Comments

A Deloitte Access Economics report commissioned  by the Customer Owned Bank Association (COBA) has found there has been limited progress on many Financial System Inquiry (FSI) recommendations handed down two years ago. The Deloitte report also considered the recent Senate Economics Reference Committee inquiry into co-operative, mutual and member-owned firms, noting its recommendation that Government consider the impact of regulation on co-operatives […]

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Study finds Heritage Bank best in Australia for customer service: another reason to #switchnotbitch

Study finds Heritage Bank best in Australia for customer service: another reason to #switchnotbitch

By on December 16, 2016 in Editor's Pick with 0 Comments

Heritage Bank, a BCCM member, has topped the J.D. Powers 2016 Australia Retail Banking Satisfaction Study. Peter Lock, CEO of Heritage Bank, said “it’s extremely rewarding to receive recognition from an independent third-party that reflects the views of those people who really matter in the end – our customers.” Customer-owned banks left their investor-owned competitors behind, […]

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