Market Report: Taking Stock

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The Independent Online
Salomon Brothers has acquired a liking for Quality Software, which has had a torrid time since coming to market in 1993 at 380p. At one time the shares topped 700p but crashed to 185p when the group failed to deliver. Salomon has paid 245p for 4.8 per cent with the pounds 1.6m earmarked for working capital. The shares rose 15p to 255p.

Deltron Electronics is looking for buys in Germany and Italy following its pounds 4.3m acquisition of a Swedish group. It is already represented in France and Denmark. Floated at 150p the shares rose 2p to 118.5p. There are hopes profits will be pounds 3.3m (pounds 2.3m).

Wedderburn, easier at 19.5p, may have clinched another oil deal; details with a cash call could be out this week.