Troubled UK lottery firm unveils rescue package

Struggling new British lottery operator Chariot unveiled a £2.6m (€3.79m) rescue package today after disappointing ticket sales left the company in turmoil.

Chariot said it would raise the much-needed cash by issuing 53m new shares at a price of 5p each – well below its high of 213.5p in April and lower than last night’s closing price of 6.25p.