Financial Trap Closes on Cornered Mice Group; MARKETING

The Birmingham Post (England), June 6, 2007 | Go to article overview

Financial Trap Closes on Cornered Mice Group; MARKETING


Byline: By John Cranage Business Staff

Exhibitions and marketing specialist Mice Group looked to be fighting for its life last night after its shares were suspended amid a financial crisis.

It said it was in danger of running out of money without further short term funding.

The Coventry-based company followed a series of profits warnings earlier this year with an announcement yesterday that it was in discussions with a view to its lenders making a "limited amount" of new money available.

"In the meantime discussions are also ongoing with a number of parties that might interested in providing additional funding to the group although these discussions are at an early stage," Mice said in statement to the London Stock Exchange.

It went on: "The board is concerned that the company would have insufficient funds to continue trading unless such additional funding from interested parties can be secured in the short term.

"The board has therefore requested that trading in its shares be suspended until the company's financial position can be clarified."

The company would not expand on the statement and directors were said to be "too busy" to take questions.

Mice shares were suspended at a price of 6p each at 9.15am yesterday, a price that valued the business at about pounds 10.6 million.

That compared with a 52-week high of 4414p per share and a market capitalisation of pounds 78.8 million.

Mice was previously the vehicle of Midland millionaire Michael Curley, a regular entrant in The Birmingham Post annual Midlands' Rich List.

He retired from the business in 2005, but his son, James Curley, still works there as chief executive of the international division.

Mice was listed in December 1994 and has an annual turnover of about pounds 180 million. It provides marketing services to 25 of the world's top 100 brands. The group consists of 64 companies which employ a total of 1,7000 people at locations in Europe, the Middle East and North America.

Last year the group raised pounds 10. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Financial Trap Closes on Cornered Mice Group; MARKETING
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.