Findel trading in line, disposal talks continue

Home shopping, educational and healthcare business Findel said its full year performance is expected to be in line with expectations as it holds board talks on the disposal of its healthcare unit.

The group, which announced a conditional agreement to offload its healthcare division in March, said it is holding a General Meeting with regards to the sale and share consolidation.

Meanwhile, Findel said unaudited results for the year are consistent with its trading update in March 2013.

As well as expecting to report full-year results in line with market expectations, it said the group's financial position has continued to improve, with net debt lower than the previous year end despite continued investment in growth.

Full-year results are to be announced on June 5th 2013.

CJ