City File: Fisons rumours
Sunday 06 September 1992
A dismal half-year result is expected to fuel rumours that Fisons will not remain independent for much longer. Profits will dive from pounds 95m last year to around pounds 35m this time - a result that should not surprise the market, as the company issued a profit warning in June.
The share price might be buoyed at last week's level of about 178p because of continuing speculation that predators are on the prowl. Top of an extensive list are ICI and Boots.
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