LONDON (Alliance News) - Record PLC on Wednesday said it invested GBP80,000 in Trade Record Ltd to maintain its 40% stake in the company.
Record had previously invested GBP40,000 in Trade Record, a newly-formed company established to offer pay-to-enter competitions.
"Record is optimistic that its investment in Trade Record will allow Record to benefit from its associated branding including in recruitment, as well as offering the opportunity to create shareholder value in a business that offers significant diversification from Record's existing business," the company said.
Record shares were trading up 0.4% at 31.13 pence each on Wednesday afternoon.
Record (REC)