Board moves at the WMGO advertising group, but still no confirmation of reports chief executive Chris Woollams has quit.Paul Daffern continues as finance director. Graham Green, already with the group, becomes a director. Four off-shoots, including Woollams, Moira, Gaskin O'Malley which was reversed into WMGO last year, have been sold to management. The shares are 8p.Reuse content
Fortune Oil, one of the more obscure oil groups, appears to have achieved a remarkable breakthrough in China. It has 24.5 per cent of a venture which has won a deal to supplyaviation fuel to 14 airports in central and southern China. Fortune appears to have been chosen in preference to British Petroleum and Elf. The group's shares edged ahead 0.25p to 5.5p.