ICL scraps flotation plans as CEO quits

By Graham Hayday, 2 August 2000 12:41

NEWS ICL has ditched plans to float on the London Stock Exchange, blaming current trading conditions in the IT industry and the company's recent financial performance. Keith Todd, the company's chief executive, has also resigned. The company claims that it wants to concentrate on growing and strengthening the business in the next phase of its development, without the additional challenges involved in preparing for a flotation. More to follow...

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