Directors Deals 

Flowgroup chief ups his stake

Flowgroup chief ups his stake

It’s been an eventful year for Flowgroup (FLOW). The group's smart energy division became vulnerable when the government capped the number of energy-efficient micro-CHP boilers that could receive feed-in tariff payments, prohibiting a UK rollout of the group's main product. In February, management announced its intention to sell the energy business to fund the launch of its boilers across Europe instead. By May, the board said it wanted to raise money as an alternative to this disposal. In June, it successfully raised more than £25m, recapitalising the balance sheet.

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