Directors step down
Jul 9 2010 Huddersfield Daily Examiner
SOCIAL housing firm Connaught faced another blow as its chief executive and financial director quit following the firm’s shock profit warning.
The firm’s share price has plunged after it warned two weeks ago that spending cuts could blow a £200m hole in revenues.
Shares fell another 6% yesterday on news that founder Mark Tincknell is stepping down on health grounds. Finance chief Stephen Hill will leave in October.