WYG denies takeover discussions

SHARES in engineering and design consultancy White Young Green were valued at more than 20p in early trading today following an announcement denying that the company was in takeover talks.

The Leeds-based group said it wanted to clarify the situation having noted the recent movement in its share price.

Shares in the company, which has been involved in work at Yorkshire Cricket Club’s Headingley ground, leapt to more than 20p at one point yesterday.

White Young Green said: “The board remains focused on reaching a successful conclusion to negotiations with White Young Green’s lenders and delivering its new strategy as set out in the company’s interim results.

“In this regard, the board has made good progress in achieving substantial cost and headcount reductions, as well as improved cash management.”