UK's RBG Holdings hits near 3-yr low on CEO sacking

RBG Holdings

31/01/2023 15:54

** Shares of RBG Holdings Plc  RBGP.L  fall as much as 18%
to 54p, hitting its lowest since March 2020
    ** RBG, a professional services group, terminates employment
contract with CEO Nicola Foulston with immediate effect
    ** Says "board has lost confidence" in its chief executive,
as a result of "cultural concerns and the execution of the
group's strategy"
    ** COO Jon Divers appointed as acting CEO 
    ** Given the profession and the fact Foulston owns 12.48% of
the business, one might expect the drama to continue - Brokerage
AJ Bell 
    ** Co says it expects FY22 revenue and adjusted core profit
in line with market expectations
    ** Including session's losses, stock down ~12% YTD
 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))