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WorldSpreads shares suspended after ‘financial irregularities’ found

SHARES in spread betting firm WorldSpreads have been suspended after the company found "financial irregularities" in its business.

The discovery was made following a review of its business.

In a statement, WorldSpreads said given the uncertainty of the outcome, it was “appropriate” to suspend the shares.

''The group expects that the suspension will remain in force until such time as Worldspreass is able to determine with sufficient clarity the group's financial position,' the company added in a statement.

Earlier this week the company's chief executive Conor Foley announced his resignation.

Roger Hynes, a director of the group's London subsidiary, was named as interim chief executive of the group.