THE Financial Services Authority's investigation into the
Thomson Travel share float has not turned up any evidence of malpractice.
The FSA said no matters had come to light which would warrant disciplinary action. The investigation was launched following the receipt of 980 complaints from investors over the handling of the sale. Many complained that they had registered interest but failed to received an application or got it too late.
However, the great majority
of complaints were not pursued because Thomson shares then fell below the issue price. They now stand at 148.5p, up 3.5p yesterday, against the float price of 170p.
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