FCA to investigate Yu Group announcements

Yu Group updated its shareholders on Wednesday, reporting that the Financial Conduct Authority had notified it of its intention to conduct an investigation into the company.

The AIM-traded firm said this was to review the accuracy of its announcements made between 6 March and 24 October 2018, and whether those announcements accurately reflected the group's financial status.

“The group plans to work collaboratively with and cooperate fully with the FCA in its enquiries,” the Yu Group board said in its statement.