Slater & Gordon asks for shares to be suspended

LEGAL group Slater & Gordon has voluntarily suspended its shares on the Australian stock exchange as it prepares to declare an impairment on its UK business.

The company's first half results are scheduled for Monday, but on Wednesday it said it had not finalised the impairment on the value of the business it acquired from AIm-listed insurance services group Quindell it bought for about AUS $1.3bn (£632m) in 2015.

In a letter to stock exchange officials company secretary Moana Weir said: "There are certain mat... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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