Market Report: Taking Stock

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The Independent Online
Warner Estates has acquired the 9.5 per cent of the Stockbourne property management group sold by Panther Securities. Stockbourne, formerly Harmony Leisure, held at 2.75p. It has an pounds 11m joint venture with Warner, off 8p at 269.5p,

British Thornton, the packaging group, was suspended at 25.5p. A software group, Planit, is to be reversed into the company for around pounds 12m, with pounds 9m satisfied by the issue of shares.

Bearing Power, a bearings distributor, rose 4p to 18.5p. It is selling its Canadian operation for pounds 11.2m cash. BP is capitalised at pounds 6.4m.

Fibernet, rolling out a national communications network, jumped 15.5p to 201.5p as stockbroker Greig Middleton forecast it would move into profits with a pounds 6m outcome in its next year.

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