Yell stocks fall after debt warning

Jun 24 2009 by Graeme Brown, Birmingham Post

Shares in directories firm Yell have slid after a warning that it may need to renegotiate its debt terms for a second time.

The stock tumbled by more than a quarter in two days after the company told investors uncertain trading conditions meant it might need to reset financial covenants with its lenders.

Yell’s market value stands at £171million after the latest falls.