Kieran Salsone

DJ's shares in trading halt

DAVID Jones has placed its shares in a trading halt pending a vote by its board on a new "strategic plan" for the department store operator.

Shares of David Jones closed on Friday at $2.73. They are up 15 per cent in 2012, almost triple the 5.7 per cent increase for the ASX200 share index, prior to today.

In a statement to the stock exchange today, the company said it sought the trading halt for a maximum of two days ''pending a board meeting tomorrow to consider the company's strategic plan".

The Australian Financial Review today reported that David Jones is likely to confirm speculation of a 50 per cent drop in future credit card earnings ahead of the expiration next year of part of its 10-year agreement with American Express.

That loss would amount to as much as $27 million dollars to David Jones's annual profits from 2013, the AFR reported.

Read more at Brisbanetimes.com.au


Three times the Elvis appeal

Three times the Elvis appeal

Elvis - An American Trilogy show is coming to the Northern Rivers

Un bon film! French cinema festival is coming

Un bon film! French cinema festival is coming

Alliance Francaise Cote du Nord has unveiled this year's program

A beauty, a beast and some singing cutlery sought

A beauty, a beast and some singing cutlery sought

Ballina Players is auditioning for Beauty and the Beast

Local Partners