Fitness club firm may seek flotation

BRITISH fitness club chain Next Generation, whose shareholders include Dermot Desmond, John Magnier and former Kerry Group chairman Denis Brosnan, are believed to be eyeing up a stock market flotation.

The trio are major shareholders in Next Generation, a 13-strong chain of gyms run by the former British Davis Cup captain David Lloyd.

Next Generation is reportedly seeking a listing on the London Stock Exchange to raise money to fund its expansion in Britain and Australia.