Tissue maker sees two thirds of market value wiped out
Tissue maker Accrol has suffered a further setback following the lifting of suspension of trading in its shares on the AIM as two thirds of its market value was wiped out.
This followed the announcement of an £18m share placing yesterday (Monday, November 20) which heralded the return to trading in shares of the Blackburn toilet roll manufacturer.
Accrol shares were trading at 66% down at 44.55 pence in the afternoon. The company valued at £40m also announced 89 job losses last week as part of a restructuring programme initiat... For the full story register now for free or login below...