City File: Buds of MAI

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The Independent Online
WITH all the shenanigans at Mirror Group Newspapers, one could be forgiven for forgetting that Lord Hollick's main job is as chief executive of MAI. The group's results, tomorrow, should be a timely reminder.

MAI is expected to reveal things are going quite well. The strong dollar, currency turbulence and the New York bomb hitting the main competitor to Garban, MAI's US treasury broker, will all help. The market is also hoping Lord Hollick will give encouraging information about Meridian, the new ITV franchise-holder MAI controls.

MAI pre-tax profits will be around pounds 35m and the shares, at 183p, look interesting.

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