FW Thorpe - Worcestershire-based lighting systems firm - Says Executive Director David Taylor will step down, effective immediately. This comes after the recent announcement of Taylor’s retirement from his role as managing director for subsidiary Philip Payne. Adds Tony Cooper will retire as non-executive director.

Chair Mike Allcock says: ‘I would like to thank both David and Tony for their many years of dedication to the group. Both have been fundamental in the development and success of FW Thorpe over many years. We wish them both well with their respective, well-deserved, retirements.’

Current stock price: 360.00 pence, down 3.7% on Tuesday

12-month change: down 3.0%

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