investment group which lost heavily when it failed to buy Manchester stockbroker John Siddall, fell a further 4p to a 33.5p low. The shares returned from suspension this week; they were frozen at 130p. Now under new management, IAM is expected to seek to expand through acquisitions in the near future.
FRIENDS Ivory & Sime, the result of the Ivory & Sime merger with Friends Provident Asset Management, should achieve profits of pounds 16.6m this year; pounds 17.5m next and then pounds 18.7m, says Merrill Lynch. Chief executive Peter Jones acquired 25,000 shares at 204p and two other directors picked up stock. The shares fell 1p to 203.5p.
METRODOME, the film and music group, held at 11p. It raised pounds 500,000, placing shares at 6p with institutions.