- Braveheart Investment Group chief investment officer Carolyn Smith has stepped down from the board and will leave the company at the end of July, following a review of the company's management structure and cost base.

Her duties will be assumed by other members of the investment team and chief executive Geoffrey Thomson will take overall responsibility for the investment function.

Thomson said: "This announcement completes the restructuring of the head office function, something we have been working on since late last year. The result is a leaner, fitter business, with operating costs reduced by approximately £350,000. I would like to thank Carolyn Smith for her hard work and devotion to the company over many years."

At 8:31am: [LON:BRH] Braveheart Investment Group PLC share price was 0p at 9.5p

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