Lend Lease down under

The latest results for the six months to 31 December included a A$65m (£23.8m) writedown on its loss-making Fox Studios Australia venture with Rupert Murdoch's News Corp, and a A$27.1m (£9.9m) writedown related to internet investments, largely its 27% stake in Nasdaq-listed online marketing venture Coolsavings.com.

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