Write-downs

RECENT NEWS
Financial Times  Feb 24  Comment 
Publisher reports better position on debt and plans further disposals
WA Business News  Feb 23  Comment 
Mineral sands miner Iluka Resources has slid to a full-year loss of $224 million on the back of hefty writedowns related to a restructuring of the company's business amid the downturn.
WA Business News  Feb 22  Comment 
Woodside Petroleum has said it is considering new facilities at Pluto LNG to distribute the fuel in the Pilbara for mining and marine usage, as the company bounced back from large writedowns to post a sharp rebound in profitability for the first...
New York Times  Feb 21  Comment 
HSBC's full-year profit slumped 62 percent and fell far short of forecasts on Tuesday as the bank took hefty writedowns from restructuring and flagged near-term brakes on revenue growth.
WA Business News  Feb 21  Comment 
Kerry Stokes' Seven Group Holdings has slipped to a half-year loss of $41.8 million due to $145 million of write-downs almost entirely related to the value of its stake in Seven West Media.
Reuters  Feb 14  Comment 
The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work.
Forbes  Feb 14  Comment 
Toshiba's chairman, Shigenori Shiga, has accepted the responsibility for his company's financial challenges and operating losses and resigned his position. Toshiba has announced that it will report a loss of $3.4 billion (USD)
Yahoo  Feb 14  Comment 
Toshiba Corp has delayed its earnings release, including details of a multi-billion charge related to cost overruns at its U.S. nuclear arm. At midday, when it was slated to release its latest results, business outlook and nuclear charge, the...
Financial Times  Feb 12  Comment 
Experts say it will be hard to come up with an accurate estimate of future costs




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