Not exact matches
The loss was largely due to a $ 916 million impairment charge on its long - lived assets, stemming both from a major tax and export dispute between its 64 - per -
cent owned Acacia Mining and the Tanzanian government, and the partial
writedown of its Pascua Lama project after the Chilean government ordered it to close all surface facilities.
The price was above BlackBerry's recent value on public markets, following the company's announcement Friday that it will cut about 40 per
cent of its global workforce, about 4,500 jobs, and record a
writedown of nearly $ 1 billion.
Mr Irvine said Lion's purchase of the 10 per
cent stake in WCB was a clear signal it remained committed to the dairy sector, this is despite National Foods costing billions of dollars in
writedowns to Lion since it bought it.
Shares in food and coffee franchisor Retail Food Group fell 10 per
cent after the company trimmed profit growth forecasts and flagged
writedowns.
Shares in food and coffee franchisor Retail Food Group fell 10 per
cent after the company trimmed profit growth forecasts and flagged
writedowns that will slice bottom - line profits by about 16 per
cent.