- Financial services group WH Ireland booked a first-half loss and said it would raise £2.5m from a share issue.

New shares in the company would be issued at 48p each.

Pre-tax losses for the six months through September amounted to £1.35m, compared to losses of £2.14m on-year.

Revenue fell 11% to £11.4m, but the company also trimmed administrative expenses.

In addition, WH Ireland announced that current director Philip Shelley would be appointed as its new chairman, following UK regulatory approval.

Tim Steel would remain as chairman until the Financial Conduct Authority gave the nod.

Stephen Ford, who jointed the company in February as head of wealth management, had been appointed as an executive director of the company.

Shelley joined as a director in July and had was a previous vice chairman of Barclays investment bank.

At 8:00am: [LON:WHI] W.H. Ireland Group PLC share price was 0p at 49p

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