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Limelight's debts increase

LIMELIGHT, the struggling Moben kitchens and Dolphin bathrooms business, added to the flurry of bad news from the high street yesterday when it said the furniture market was "fragile", writes Nigel Cope.

Reporting a pounds 12m loss for last year compared with a pounds 2.8m profit in 1996, Limelight said it was trading "marginally behind budget" for the current year. However, it said trading in the first two months of 1998 were ahead of the same period last year.

Limelight's shares closed a penny lower at 38.5p yesterday.