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Myer's chairman has admitted that department store's recent performance has been a disappointment. Shareholders1 have had their chance to add their aggrevences at today's Myer annual general meeting in Melbourne. Chairman Paul McClintock has told the AGM that many investors2 have asked when they can expect Myer's fortunes to improve. Chief Executive Bernie Brooks3 has pledged to deliver a profit rise by the end of this financial year. The share price of the company though has halved4 in the last 12 months.
The Australian share market has closed lower as mining stocks reversed earlier gains. By the close, the All Ordinaries index closed 10 points or 0.2%. The ASX 200 matched that fall. Fortescue Metals buffet5 the trend, rising up their heavy recent losses this week. The BHP Billiton turned negative late in the session. Rio Tito ended flat. Westpac was the worst of the big four banks, down 0.8%. Myer did edge a third of 1% higher.
Turning across the region, and Japan's Nikkei has ticked up by the close. Hong Kong's Hang Seng is also ticking higher. And the Australian dollar is edging up against the green back after yesterday's fal and is now worth 86.32 US cents.
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1 shareholders | |
n.股东( shareholder的名词复数 ) | |
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2 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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3 brooks | |
n.小溪( brook的名词复数 ) | |
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4 halved | |
v.把…分成两半( halve的过去式和过去分词 );把…减半;对分;平摊 | |
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5 buffet | |
n.自助餐;饮食柜台;餐台 | |
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