Shares in Irish equipment leaser CLF Yeoman Plc were suspended at 30 pence on Friday at the company’s request pending clarification of its status: it has been trying to sell its CLF Holdings subsidiary, which was brought low by a UKP12m loss at Technology for Business Plc shortly after the acquisition – it bought the company for UKP88m in December 1988 but now reckons that it has no value; the request for the shares to be suspended followed failure to persuade its bankers to restructure UKP39m of loans; it is suing its advisors on the CLF acquisition, saying that they should have alerted it to potential problems at Technology for Business.
