Market Report: Taking Stock

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The Independent Online
Rosebys, the household textiles and soft furnishings retailer, should achieve a dramatic profits advance this year. Mark Charnock at Charterhouse Tilney has lifted his forecast by pounds 1m to pounds 13m. Last time the company produced just over pounds 7m.

Mr. Charnock is shooting for pounds 15.5m next time. He expects further acquisitions. The shares are 316p; they have moved between 280p and 335.5p in the past year.

Arjo Wiggins Appleton, the hard pressed Anglo French paper group where take over hopes often surface, was again actively traded. There is speculation a bid for Worms et Cie., involved in a 39.9 per cent AWA shareholding, could put the paper group in play. AWA shares, in busy trading, fell 7p to 197p; they remain near their 12-month high.