- Hostel group Safestay said finance director Sharon Segal was standing down.

She would be replaced on Monday as chief financial officer by Herve Deligny, a previous CFO of AccorHotels UK.

No explanation was provided for Segal's departure.

'I would like to first thank Sharon on behalf of the board for her contribution to the group and wish her the very best for the future,' chairman Larry Lipman said.

'I would also like to welcome Herve. His long experience in working in our sector both in the UK and Europe mirrors the locations of our hostel portfolio and I feel confident he will bring new insights and expertise into our business and I look forward to working alongside him.'

At 1:12pm: [LON:SSTY] Safestay Plc share price was +0.3p at 47.3p

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