News that Conviviality (AIM:CVR), the wholesaler and distributor of alcoholic beverages, intends to appoint administrators within 10 business days won’t come as a surprise to those that have been following this saga. Throwing another £125m at this awful group was just too much to ask.
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Positive announcements galore, but it is unclear how this will ultimately convert into benefits for shareholders, who appear low down the pecking order