ABC Learning Centres founder Eddy Groves is on the verge of losing control of the crisis-ridden company, with directors forced to dump $52 million worth of shares due to margin calls.
Archive for February, 2008 Page 2 of 28
ABC Learning boss Eddy Groves, his wife and two fellow directors have been forced to dump millions of dollars worth of shares in the company, with the ASX confirming it was investigating trading in the company’s shares and disclosures by management.
FEDERAL Families Minister Jenny Macklin says childcare places must be protected as Australia’s biggest provider, ABC Learning Centres, faces financial turmoil.
SHARES in Allco Finance Group Ltd rose almost 30 per cent today on speculation its founders could team up with another party to take the struggling finance house private.
SECURITIES in property investor MFS Diversified Group Ltd have been placed in a trading halt at the request of the company.
CITY Pacific has ended due diligence of assets held by MFS’s financial services business, including the MFS Premium Income Fund.
SUNCORP-Metway has reported a 27.5 per cent fall in first-half profit after bad weather and the fallout from the global credit crisis hit its bottom line.
ALLCO Finance Group has responded to a “please explain” from the Australian Stock Exchange about the delay that occurred in revealing its dire financial situation to the market.
THE parents using the ABC childcare centre in Edward Street, North Sydney speak with one voice - they love their centre and so do their children.
AILING MFS has been dealt another blow, with the collapse of its on-again, off-again plans to sell a group of finance assets to City Pacific.
