Mapeley shares fell 176p to a new low of £13.20 amid rumours that talks on refinancing debt may be proving difficult, forcing it to launch a rights issue. The Times

Mapeley revealed this month that it had borrowed £221m short-term debt to fund new acquisitions and is negotiating with banks to refinance this longer term at lower rates. Yesterday the company insisted that there was no issue with debt refinancing and that it was 'nowhere near close to reaching any covenant trigger'.