George McDonald
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Shares in Blacks Leisure suspended

Shares in Blacks Leisure have been suspended from trading on the London Stock Exchange as the company announced it is to enter administration as part of a takeover deal.

The arrangement will allow Blacks to sell off its profitable assets beforehand - whilst also allowing the firm to write off its £36m debts - and close down the loss-making parts of the business.

George McDonald from Retail Week says the "vast majority of jobs should be safeguarded".

  • 06 Jan 2012