Waterford Wedgwood calls in administrators

Waterford Wedgwood this morning requested that its shares be suspended from trading on the Irish stock exchange following the appointment of a receiver.

In a statement the company said the request follows the appointment of David Carson of Deloitte as receiver to the Irish arm of the company and certain Irish subsidiaries, and the expected appointment later today of a three-person team of Deloitte administrators to Waterford Wedgwood UK plc and certain UK subsidiaries.