CA Sothers’ parent halts trading in its shares

THE future of the ultimate parent company of Birmingham mechanical and electrical installation firm CA Sothers has been plunged into uncertainty.

Australian’s Hastie Group has asked for trading in its shares to be halted, pending an announcement about one of its Middle Eastern joint ventures.

Hastie - based in Auburn, New South Wales - bought CA Sothers in October 2010 via a British subsidiary, Chester-based mechanical and engineering contractor Rotary UK.

The group, which has 4,000 staff worldwide, designs... For the full story register now for free or login below...