A business conference which was due to be hosted by SIR Bob Geldof in Melbourne, Australia, today (11JUL06) has been cancelled following poor ticket sales. THE INFLUENTIALS event was aimed at business leaders and offered lectures, 'couch chats' and advice on future trends. Sex Pistols creator Malcolm McLaren was also scheduled to appear, and the former Boomtown Rat planned to perform at the after party. Interested parties were asked to pay $1,120 (GBP660) per ticket.