News: Suncorp Group Ltd (SUN.AX)

SUN.AX on Australia Stock Exchange

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Tue, May 27 2014

Australia shares close flat in choppy trade, Suncorp slumps

SYDNEY, May 27 - Australian shares finished a choppy session flat on Tuesday with the broader market bolstered by a modest recovery among resource stocks, though Suncorp Group weighed on the index after a A$500 million writedown caused its shares to fall sharply.

Australia shares flat, Suncorp slides on writedown

* Suncorp Group slumps after flagging A$500 million in writedowns

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