Jessops shares plunge on bank deal move

Jessops’ share price fell to its lowest point this year after a restructuring deal that means Jessops’ main business will be 47% owned by its bank, HSBC.

The firm’s share price fell to 0.5 pence per share when the financial markets opened this morning.

Last night Jessops’ share price stood at 2.13 pence. The share price opened this morning at 0.65 pence.

As part of the restructuring deal with HSBC, Jessops has stated that £100,000 will be made available for distribution to Jessops shareholders.