Dawson Holdings plans to retain a listing on London’s main market despite putting its core news distribution business into administration on Monday, said Hugh Cawley, chief executive.
The division, which accounted for more than two-thirds of pre-exceptional operating profits in the six months to the end of March, has been damaged recently as John Menzies and Smiths News wooed away its core clients. It lost contracts with an annual value of about £560m between March and June.
