Manufacturer’s share price up 25% after legal dispute settled

Graham Whitworth, executive chairman of Sprue Aegis
Sprue Aegis's share price rebounded from an all-time low after it revealed it had reached an agreement with BRK Brands over claims of a breach of contract. The manufacturer's shares rose 25% after the stock market announcement and it ended the week at 126p. However that remains a long way below the 190p level it was trading at before BRK's claims were made in March. BRK terminated its distribution agreement claiming Coventry-based Sprue Aegis had committed a breach which “severely damages BRK”. An agreement had been in place... For the full story register now for free or login below...