Resource shares focus as selling trend continues

DIRECTORS of resources-related companies dominated reported share sales this week, with two directors of Mineral Resources raising $65.5 million.

AXA net inflows sink well below 2008 level Local net flows drop 81% in 2009

AXA Asia Pacific Holdings said its industry sales remained well below 2008 levels after it posted an 81 per cent drop in net wealth management inflows for its Australian operations in the nine months to September 30.

Recovery to be slow, says Myer

DEPARTMENT store chain Myer is tipping a slow recovery for the Australian economy and consumer spending as the effects of the Federal Government's economic stimulus wear off.

Parlaying People Skills Into A Passion

Claire Rennie, 29, event sales executive at the Sofitel Melbourne on Collins

B&b Still Battling To Resolve Crisis

LAST-DITCH talks were under way last night between Babcock & Brown and its banking syndicate to try to resolve the financial crisis that could plunge the beleaguered asset management group into administration.

Djs Warns Sales Slump Will Worsen

DAVID JONES'S well-heeled customers are finally feeling the pinch, with the chief executive, Mark McInnes, issuing some of the bleakest forecasts for retail sales in 18 years.

Jcpenney Pulls Plug On Site

AMERICAN department store JCPenney is closing its Australian website just three months after its launch, despite the local operation saying sales were going "tremendously".

Sector Still Battered By Global Gloom

STOCKLAND'S raid on the register of its rival GPT and stable third quarter sales from Westfield this week have breathed some life into the ailing real estate investment trust sector.

Stockland Was Shepherded To A Safe Pasture As The Storm Threatened

Asset sales have put Stockland in a position to be either GPT's friend or foe.

Orchestrated Cuts

WOLLONGONG Symphony Orchestra musicians have been forced to take a pay cut under a radical plan by its board of management to keep it financially afloat.

Woolies In Executive Shake-up

WOOLWORTHS has announced a leadership shake-up as it seeks to deny the new management of supermarket rival Coles any opportunity to grab market share. As part of the changes, supermarket veteran Naum Onikul will retire after 21 years and be replaced as director of food, liquor and petrol by Greg Foran, general manager of the Woolworths-owned variety store, Big W.

It's A Crash, But Not As We Know It

THE CONTINUING sharemarket crisis is like nothing I have reported, and I have witnessed some doozies: the long, painful market slump in the '70s that followed the 1973 OPEC oil price shock, the October 1987 market crash, the Long-Term Capital Management crisis in 1998, the 2001 dotcom meltdown and the WorldCom-Enron crisis that followed, and September 11, 2001, to name a few highlights, or lowlights.

Blackmores Chooses Ceo

COMPLEMENTARY medicines maker Blackmores has appointed former Telstra sales director Christine Holgate as its new chief executive.

Go You Halves

NEWCASTLE Jets owner Con Constantine says he is happy to pay half the rent at EnergyAustralia Stadium if Knights management guarantee him half of all stadium-related income. The battle between Newcastle's sporting flagships for the high moral ground at EAS intensified yesterday when the Knights called a media conference to defend themselves after claims both by Jets officials and Minister for the Hunter Jodi McKay that the A-League champions were being "unfairly treated" at the State ...

Bbi Pay Scales Appear To Be Counter-intuitive

THE troubles at Babcock & Brown Infrastructure have failed to make a dent on the pay packets and bonuses of its senior management, who received a minor tick-up in their overall remuneration last financial year.

B&b Retirement Manager Casts About For Alternatives

BABCOCK & BROWN Communities will embark on a series of asset sales and divestments in an effort to reduce its debt if it fails to secure an acceptable takeover offer.

Ceo Booked In

ALLEN & UNWIN, the largest independent publisher in Australia, has appointed Robert Gorman as its first chief executive. Mr Gorman spent 14 years at the Sydney-based A&U at the start of his career before joining HarperCollins as sales director and then becoming CEO. He will join the company at the end of next month.

Ansell Aroused To Halt Flagging Sales

PERSONAL protective coating powerhouse Ansell has revealed it has launched a "guerilla" campaign to boost its flagging condom sales in North America.

Abysmal Sales Compound Intralot Gaming Woes

GAMING giant Intralot has been rocked by abysmal sales for its first month of operation in Victoria's lottery market.

Pearce At Waste Seminar

WASTE management company JJ Richards and Sons is holding a sales/performance conference at Bellachara Boutique Hotel in Gerringong on July 24 and 25.