Business

Aug 29, 2008

Allco, Centro flood the market with $3.8bn losses

A $3.8 billion sea of red ink washed across the Australian stockmarket this morning with news of the combined losses of Centro and Allco, writes Glenn Dyer.

A $3.8 billion sea of red ink washed across the Australian stockmarket this morning with news of the combined losses of Centro and Allco, but investors were oblivious as they hopped onto the latest false upturn from the US after better than expected growth figures saw US markets finish strongly.

0 comments

Leave a comment

Share this article with a friend

Just fill out the fields below and we'll send your friend a link to this article along with a message from you.

Your details

Your friend's details

Sending...