Brunswick denies it is source for HoF results revelation

Brunswick has denied that it was responsible for the leaking of department store House of Fraser’s interim results to a financial newswire last week.

The financial PR firm refused to comment on the publication of the department store’s interim results, but sources at the agency dismissed as ‘absolute rubbish’ speculation that it had been involved in the disclosure to Dow Jones Newswires last Thursday.

In accordance with Financial Services Authority (FSA) listing rules, HoF was forced to put out a holding notice on the same day, due to the disclosure of the interim results to Dow Jones.

This forced the company to publish the results days earlier than planned.

The agency source claimed HoF was ‘completely satisfied’ that Brunswick was not the source of the leak.

However, HoF company secretary Peter Hearsey said that an investigation was under way, adding that Bruns-wick’s role was still being looked at, along with those of other internal and external advisers.

If the FSA decides to intervene and finds any wrongdoing, it has the power to issue a private or public reprimand and impose unlimited fines.

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