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ABC learning centres delay annual financial results for third time

ABC learning centres, the world's largest daycare provider, has delayed its annual financial results for the third time this year. The Australian company, which owns the Busy Bees nursery chain in the UK, has been beset by financial difficulties and chief executive Eddy Groves left the company in September. Announcing the delay, a company statement said, 'Work continues on finalising the full year result and prior period adjustments arising out of a reassessment of accounting treatments.' It said that its childcare centres would continue to operate as usual.