Palace Capital has announced that Richard Starr, Executive Property Director, is to step down from the Board with immediate effect and leave the company at the end of September. This continues a period of Board change which accelerated after the company revised its new strategy. The current strategy is essentially one of liquidation which may have the effect of putting the company into play, in our view. In revising its new strategy, Palace Capital noted that it was mindful of consolidation in t ....
