With its plummeting share price (down to 128p last night (1/9/2015) from 192p just three months ago, the value of premier Farnell has reduced by close on one-third. It parted company recently with CEO Russell Bain who had steered the company’s transformation to a web driven business after warning the stock market that its operating profit for the first half would be down by 10 per cent. In the wider market it has been suggested that competitor RS Components could mount a takeover bid for Premier Farnell but this rumour was not able to be substantiated in any way. The FTSE committee meets today to confirm the FTSE 100 and FTSE 250 lists.
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