Thursday, 31 July 2014

Afren plummets after suspending CEO, COO amid payments probe

LONDON (Bloomberg) -- Afren Plc shares plunged the most on record in London trading after the UK explorer focused on Nigeria and Kurdistan suspended two top executives amid a probe into unauthorized payments. The shares fell as much as 34%, the most since March 2005, and were 29% down at 106 pence by 10:51 a.m. The stock was the worst performer on the FTSE All-Share Index.


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