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LABOURSTART news items click here
Click on underlined headings to access all the details
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30/4/08 QBE closing in on rival insurer
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THE Australian sharemarket closed marginally higher yesterday as investors kept to the sidelines after recent gains and waited for a stronger lead from United States markets.
The benchmark S&P/ASX200 index closed 4.2 points higher at 5606.9, while the broader All Ordinaries added 2.3 points to 5672.6.
But one clear sign was provided by QBE's stalking of the rival insurer Insurance Australia Group, whose share price slipped below the value of the takeover offer for the first time.
Market sentiment has been eroding the premium built into IAG's price since QBE's terms were revealed two weeks ago, but that disappeared yesterday when the owner of the NRMA insurance brand closed at $4.21, down 8c on the day, valuing the cash and share offer for IAG at $4.22.
The market was responding to IAG's latest piece of bad news on Monday when it disclosed yet another earnings downgrade
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28/4/08 Wet Weather Warning - RAA
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Heavy rainfall across Adelaide’s metropolitan area has seen dozens of motorists left stranded on the roadside during the weekend and this morning.
RAA spokesman, Adam Thomson said Adelaide’s winter weather conditions had put many cars to the test, with flat batteries and other electrical problems the leading cause of most breakdowns over the last four days.
“The majority of our calls over the long weekend and into today have been for dead batteries and ignition problems – often as a result of moisture getting into the electrical system,” Mr Thomson said.
“And a broken down car could have been timed any worse for a number of families – who were then faced with delays in getting children back to school this morning,” he said.
“The number of breakdowns has seen significant demand placed on RAA’s roadside assistance, and at present stranded motorists can expect to wait nearly two hours until an RAA patrol arrives – so we ask for patience as we work to clear the large backlog of calls for help.”
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16/4/08 NRMA Motorserve Kotara opens for business
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NRMA Motoring & Services today officially opened its brand new NRMA MotorServe car servicing centre in Kotara.
NRMA Director Kyle Loades said NRMA MotorServe at Unit 3, 154 Park Avenue had been purpose-built to offer a first-class customer-focused car servicing experience.
"A state-of-the-art workshop with the latest equipment is staffed by seven fully experienced mechanics and has the capacity to handle up to 40 cars a day," Mr Loades said.
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14/4/08 Roadside Patrols Showcasing Their Service
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Australia's world-recognised roadside patrol services have demonstrated their skills at the first Australian Road Patrol Skills Showcase, conducted in Canberra by the Australian Automobile Association on April 9 and 10.
AAA motoring clubs – NRMA Motoring and Services, RACV, RACQ, RACWA and RACT – used the Showcase to highlight the skills of their roadside service officers, who receive more than 5 million calls for roadside assistance from members each year.
The roadside patrol officers compared their skills in a range of roadside situations including flat tyres, unlocking vehicles (with and without technology), battery condition and diagnosis and repairing engine faults.
Best Practice Awards at the 2008 Road Patrol Skills Showcase have gone to:
• Best Practice in Customer Service – Josh Dobie, RACT
• Best Practice in OH&S – Gerald Munchow, RACQ
• Best Practice in Lockout procedures – Gerald Munchow, RACQ
• Best Practice in Diagnostics – Frank Carabetta, RACWA
• Best Practice in Technical Theory & Research – Jace Wild, NRMA
• Best Practice in Battery – Ron Hoogkamer, RACV
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