Bridgepoint slumps as shareholders place 14.7m shares

Bridgepoint slid on Friday after a group of 103 current and former employees and some related entities sold 14.7m shares in a placing.

According to terms seen by Bloomberg, the shares were priced via JPMorgan and Morgan Stanley at 340p each. This is an 11% discount to the last closing price.

At 0940 BST, the shares were down 10% at 344.60p.