£3m funding may lead to board changes at Lifeboat

Board issues have been in the spotlight since previous chief executive David Kitchen resigned in December last year, being replaced by Bill Wynn, then chief financial officer. Richard Stokes, managing director Lifeboat Financial Advisers Ltd. - part of the group - says he cannot confirm details on either issue because of ongoing confidentiality agreements. However, he does say a board appointment "at a senior level" might be a possibility sometime in the near future. He also confirms the investment is not from a venture capital or private source, and that it will not dilute existing...