Write-downs

RECENT NEWS
Financial Times  Apr 16  Comment 
Chief executive Philip Clarke vows to press on with £1bn UK turnround strategy, after £540m writedown to its Chinese business and flat sales
Financial Times  Apr 15  Comment 
Retailer reports a jump in annual profits, despite writedowns on its fashion business Bank and continued loses at outdoor division Blacks
The Australian  Apr 13  Comment 
NEXUS Energy says it will need to go into voluntary administration if an agreement to sell the company falls through.
The Australian  Mar 31  Comment 
FUNTASTIC expects a return to growth in the second half of 2014 despite swinging to a first-half loss due largely to a significant writedown.
Financial Times  Mar 30  Comment 
Sharp acceleration in removing red ink from balance sheets is the latest indication of the turbulence now buffeting China’s financial system
Wall Street Journal  Mar 25  Comment 
Abu Dhabi National Energy suffered a hefty loss in 2013 because of impairment charges on its North American oil and gas assets.
Financial Times  Mar 18  Comment 
Anglo-Dutch oil group warns of possibility of further writedowns on its shale assets if results fail to improve after $3bn loss last year
The Australian  Mar 18  Comment 
THE indigenous-owned Ayers Rock Resort in the shadow of Uluru has just shouldered a $100 million-plus writedown.




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