Crisp: SVB losses will not adversely affect the future of Fusion.
Geoff Crisp, director of Fusion, said losses reported by parent company SVB Holdings will not affect...
Geoff Crisp, director of Fusion, said losses reported by parentcompany SVB Holdings will not affect the regional wholesaling service.
SVB Holdings gave a shock profits warning in August, reporting an
operating loss before tax of £33m for the full-year. The company's shares
plunged 43% to 66.5p from 89.5p as a result, wiping £124m off its market
value.
Mr Crisp said: "SVB is an investor in us but this does not affect us. The
organisation has plenty of assets to maintain capacity and to take
advantag
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