Lady relies on share issue to keep in shape.Women-only-gyms group Lady in Leisure has been forced to issue a batch of new cut-price shares to raise pounds 1.7 million.
Lady, which bought the Curves clubs in the Midlands, will use the funds to boost dwindling cash reserves Cash reserves
See: Cash investments
Investment funds that are held in short-term assets such as Treasury bills and certificates of deposit until more permanent investment opportunities are available. .
Some 2.26 million new ordinary shares are being placed at 75p each. Lady's existing shares, which have slumped from 233p over the last year, fell 13p to 85p.
Aborted merger plans earlier this year hit Lady's performance.
Cooper director quits
Pressings group Frederick Cooper Frederick Cooper is an American historian who specializes in colonialization, decolonialization and African history. Cooper received his Ph.D from Yale University in 1974 and is currently professor of history at New York University. has accepted the resignation of Mr John Thompson John Thompson is the name of:
Mr Thompson has agreed to make himself available to the group in an adviser for six months, the Worcester-based added.
British Car Contracts of Shirley has won a contract to supply transportation experts Transamerica Leasing with 80 new vehicles for its British salesforce. Transamerica Leasing owns and manages trailers and containers.
Award for Potter
An award for European Hazardous Chemical Distribution Company of the Year has been presented to the Droitwich-based Potter Group by the European Institute of Transport Management, in recognition of its logistics services for Ciba Speciality Chemicals.
Weight manufacturer F J Thornton & Co of Wolverhampton, has turned its attention to the food industry with a range of large galvanised iron weights. Thornton's weights are designed for use at stages in food processing, from receipt and storage of raw materials through to warehousing and distribution of the final packages product.
New lair for Lynx
Lynx Express has acquired the former Business Post three-acre hub facility at Spitfire Road, Erdington, Birmingham.
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