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Australia’s Allco, Centro, post big losses

                   
ft.com
29-Aug-2008
        
Story Timeline:  95 days

Allco Finance Group and Centro Properties Group posted Australia’s biggest losses in five years as credit turmoil forced fire sales of assets to pay debt, reports Bloomberg. Centro posted a A$2.1bn ($1.8bn) loss in the year to June 30 after it wrote down the value of US shopping malls. Asset manager Allco recorded a A$1.73bn loss and said it would fire half its... [read full story]                    

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Big losers shed $4 billion

 news.com.au 29-Aug-2008
First article on this story:

Allco Finance reports net loss & #36;1.731b

 yahoo.com 29-Aug-2008
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Big losers shed $4 billion

news.com.au
29-Aug-2008
        

Katherine Jimenez | August 30, 2008 EMBATTLED Allco Finance chief David Clarke yesterday described the group's position as "fragile" and warned it could be 2010 before the group's legacy issues were behind it -- after...

                   

Australia's Allco and Centro feel credit pain

ft.com
29-Aug-2008
        

Allco Finance and Centro Properties on Friday brought home the ill-effects of the global credit crisis when they announced two of the largest annual losses in Australian corporate history. Allco, the asset manager that...