Travel group puts brakes on float plan

British coach and holidays operator Shearings put the brakes on its planned £50m (€75.9m) flotation today as jitters continued to grip the London market.

Travel group puts brakes on float plan
Wed, 16 Jun, 2004 - 15:08

British coach and holidays operator Shearings put the brakes on its planned £50m (€75.9m) flotation today as jitters continued to grip the London market.

The Wigan-based group, which employs more than 2,000 staff in the UK, said institutions were “extremely cautious” about new share issues.

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