Heritage share dealings suspended
Wednesday 10 July 1996
The 23p suspension price compares with the 95p at which the shares were launched on the Unlisted Securities Market in 1988 and a peak of 185p later that year. They have fallen steadily from a recent high of 108p reached in early 1994, culminating in a loss of pounds 919,000 reported for the year to April 1995. Gearing then was said to be over 100 per cent.
Jeffrey Lampert, chairman and chief executive, said the suspension had not been instigated by bankers. "We had problems with the computerised accounting system for our London company, which is affecting the year- end figures. Until we totally understand where we are, I don't think it is right to trade our shares."
The London operation represents a substantial part of the group's business but Mr Lampert refused to elaborate on the problems. Neither could he say how long the shares would be suspended.
Problems with a new computer system first came to light early in 1995. In July last year the company dismissed its finance director, George Raynor, confirming Simon Gold as his replacement in November, when Mr Weeks came aboard.
- 1 10 ways we damage our teeth – without realising
- 2 Fifa corruption arrests: Nike reported to be 'multinational sportswear company' at centre of bribery claims over Brazil shirt deal
- 3 Facebook Messenger sends 'creepily' precise location data, as revealed by Marauders Map Chrome extension
- 4 Bahar Mustafa: Goldsmiths Students' Union diversity officer to keep her job after vote of no confidence petition fails
- 5 Photo of wedding guest proposing to girlfriend in front of bride and groom goes viral
Hopes raised for treatment of severe amnesia after scientists retrieve lost memory – using light
Playboy model April Summers speaks out about being a victim of a voyeuristic sex crime
Poorest part of London is wealthier than the richest parts of Northern Ireland and Wales
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
How to live to be really old
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
Australian man punched in the face for defending Muslim women from abuse on train
A nation of inequality: How the UK is failing to feed its most vulnerable people
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
iJobs Money & Business
£30 - 35k: Guru Careers: We are seeking a Pricing Analyst to join a leading e-...
£20000 - £25000 per annum + OTE £45K YR1: SThree: At SThree, we like to be dif...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is a mul...
£55 - 65k (DOE): Guru Careers: A unique opportunity for a permanent C# Develop...