Centaur falls after £26m sell off

Information and events group Centaur Media saw its shares fall 7.1 per cent yesterday after announcing the disposal of a major subsidiary and the earlier £12.5m payment of an earn-out on a recent acquisition. Chief Andria Vidler said the sale of Perfect Information for £26m is justified as it “does not fit with the rest of the business.” Shares closed down at 65.25p after the publisher reported flat revenues of £24.4m during the first four months of 2014.