Write-downs

RECENT NEWS
Financial Times  Jul 28  Comment 
Dudley aims to revive fortunes with reduced capital spending and cost-cutting efforts
newratings.com  Jul 27  Comment 
Bellevue Group's operating profit sharply higher at mid-year mark - assets under management at an all-time high of CHF 5.2 bn - bottom-line loss due to impairments and writedowns Bellevue Group AG / Bellevue Group's operating profit...
The Australian  Jul 26  Comment 
Persistent weakness in already clapped out commodity prices is triggering a new round of asset value writedowns.
New York Times  Jul 23  Comment 
The nation’s largest automaker earned $1.12 billion during the quarter, despite allowances for asset write-downs and currency fluctuations.
Metal Bulletin  Jul 22  Comment 
South32 flagged writedowns worth $1.9 billion against its manganese and coal assets in its quarterly report on Wednesday July 22.
Metal Bulletin  Jul 22  Comment 
BHP Billiton expects a 12% fall in copper production in financial year 2016 and will take a multi-billion-dollar writedown related to its South 32 demerger.
The Australian  Jul 21  Comment 
Microsoft revenue fell 5.1pc, hurt by weak PC demand, in a result also hit by a writedown on its Nokia phone business.
BBC News  Jul 21  Comment 
Microsoft has reported a $3.2bn net loss for the three months to 30 June after posting $8.4bn of writedowns.




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