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Date: Wednesday 16 Jul 2008

LONDON (ShareCast) - Providers of CFDs (contracts for differences) to the Dawnay Day Group have been forced to sell Real Hotel Company shares at a deep discount, sending the hotel operator plunging.

The company lost more than half its value this morning, but regained a little ground following the announcement.

“The company has an independent board who confirm that they have no reason to add anything further to the announcements on 25 June and 11 July,” it said.

Private finance group Dawnay Day, which predominantly operates in the fund management, property investment and private equity sectors, has called in administrators Ernst & Young to restructure the company.

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