Market report: British Regional Air attracts institutional support

Click to follow
The Independent Online
BRITISH REGIONAL Air Lines, which has suffered a disastrous time since floating in the summer at 150p a share, could at last be attracting institutional support.

The shares, down to as low as 33p in October, gained altitude by 6.5p to 60p with, it is thought, stockbroker Albert E Sharp lifting this year's profits forecast 25 per cent to pounds 6m. In 1997 British Regional, now capitalised at only pounds 38.7m, produced profits of pounds 4.2m.