Langley & Johnson looking to reverse takeover

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The Independent Online
LANGLEY & JOHNSON has limped back to market; the shares fell 0.25p at 2.5p. The former construction group intends to sell its remaining trading asset, a small Gloucester fencing operation.

It is looking for a reverse takeover and has held abortive talks with a leisure group. Three years ago shares of the loss-making group topped 50p.