The West

DJs placed in trading halt
DJs placed in trading halt

Shares in David Jones have been placed in a trading halt because of speculation about the retailer's results and future plans due to be announced on Wednesday.

The company requested the trading halt after reports said its earnings from its credit card business would drop significantly after 2013.

David Jones is scheduled to release its first half financial results on Wednesday, and has indicated it will also reveal new strategies for the business.

A board meeting would be held tomorrow, after which an announcement would be made to the market, David Jones said in a statement.

"While the company does not believe that there has been any leak of confidential information by the company and that the speculation is based on publicly available information, the company considers a trading halt to be appropriate in the circumstances," it said.

David Jones shares last traded at $2.73.

The West Australian

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