Shareholders Take Another Big Hit with Erinaceous ; Property

Summary


Property services firm Erinaceous has heaped more pain on shareholders after revealing yesterday that it had breached some of its banking covenants.

The group - which employs around 5,000 people and has an office in Birmingham - said lenders remained supportive and that it was hopeful of unveiling amended credit facilities by the time of its interim results today.

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Extract


Shareholders Take Another Big Hit with Erinaceous ; Property

Shares fell 28 per cent to 78p following the update, leaving the Croydon-based c...

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