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28/07/2010
Connaught Faces Second FSA Investigation
The Financial Services authority (FSA) is probing integrated services provider Connaught after its shares dropped by 75%.
The City watchdog is investigating whether Connaught failed to disclose its terrible financial situation to investors ahead of last months shock profits warning.
The social housing maintenance firm has also admitted it is about to breach its overdraft terms.
Yesterday, Connaught announced that its shares had slumped to 31.46p, the second time in a month the firm's shares had fallen.
The company is also believed to be looking at job cuts to reduce its debt.
For further information Visit: Connaught Shares Freefall
(CD)
The City watchdog is investigating whether Connaught failed to disclose its terrible financial situation to investors ahead of last months shock profits warning.
The social housing maintenance firm has also admitted it is about to breach its overdraft terms.
Yesterday, Connaught announced that its shares had slumped to 31.46p, the second time in a month the firm's shares had fallen.
The company is also believed to be looking at job cuts to reduce its debt.
For further information Visit: Connaught Shares Freefall
(CD)
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
