Broker WH Ireland suspends directors

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Laurie Beevers and David Youngman are sure to be consulting their lawyers after being told by the rest of the board that they cannot continue to do their jobs - at least for now.

The reasons for the row are not clear.

The company declined to comment beyond a brief statement this morning to the stock market. The statement noted that Beevers and Youngman have indicated they plan to vote against the re-election of other board members at next week's annual meeting - including chief executive Richard Ford and chairman Rupert Lowe.

They also intend to oppose a proposed rights issue.

Youngman is head of corporate finance, while Beevers is executive deputy chairman

WH Ireland recently saw a merger deal with rival Blue Oar fall apart at the last minute.

In 2008, it made a loss of £4 million on turnover that slumped 24% to £32.6 million.