Evolve profits from WH Ireland

Evolve Capital yesterday announced it had sold its 5.36 per cent shareholding in WH Ireland to an unnamed buyer, quashing speculation it could be ruminating over launching a counter-bid for the firm via Blue Oar, in which it has a controlling stake. The decision to sell is unlikely to please former WH Ireland directors Laurie Beevers and David Youngman, who sold the stake to Evolve earlier in May after being suspended.