Yours, with change from a tenner.
Listed law group RBG Holdings has suspended trading of its shares this week, and indicated that it is nearing a declaration of insolvency.
[Update: it’s now happened, with RBG announcing on Friday that the board “regrettably has resolved to and subsequently has filed today a notice of intention to appoint administrators to the Company”.]On Tuesday the company announced to the market that talks with another party to sell all but the Rosenblatt-branded parts of the business had failed.
“It is the Board’s view that it is unlikely to be able to secure the funding that it requires in a timely manner to secure the Company’s future and so is now taking action to protect value in the business for the…
