Shares in Qualceram suspended

SHARE trading in the Arklow-based bathroom suite manufacturer Qualceram Shires was suspended yesterday ahead of an expected announcement that the company is in need of court protection.

The company made the request for the suspension after announcing that long-running talks with its main landlord WP Carey and bankers, concerning rent payments and the sale of surplus properties, have not been satisfactorily concluded, and that no successful outcome of the talks is likely to be reached.

“The board now believes that it is unlikely that a satisfactory outcome to these discussions will be reached,” Qualceram said in a statement yesterday.