FINANCE group Cattles said today that release of its preliminary results would be delayed and warned that pre-tax profits were likely to be "substantially" lower than current market expectations.

Cattles said the results were delayed pending completion of a review of bad loan provisions.

The news sent the shares, which have already crashed 90% in the last 12 months, down a further 53% upon opening to 6.28p.

The Birstall in Leeds-based lender said that that it wasn't possible to d......for the full story register now for free or login below...