Nov 8 Environmental consultancy AEA Technology
Group said it plans to begin an administration process
for its companies in England and Wales after failing to sort out
its debt issues.
The company, which advises the U.S. Department of Energy,
the British government and companies on climate change and
energy issues, said it was unable to assess its financial
position and asked for its shares to be suspended from trading.
AEA also said it would not begin insolvency proceedings for
its U.S.-based businesses which will trade normally.