Market Report: Taking Stock

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The Independent Online
Shares in Calluna eased 1p before they were suspended at 15.5p, pending "clarification of the company's financial position". The maker of miniature hard disk drives is in talks with a possible new stockbroker following the resignation of Albert E Sharp earlier this week and is working towards a "substantial fundraising". The shares peaked at 124.5p last year.

Wembley-based Ritz Music held at 82.5p on Ofex. The music company, which has Irish heart-throb Daniel O'Donnell under contract, has completed the acquisition of recording group Grapevine for pounds 1.72m in cash and shares. Grapevine boasts artists such as American folk singer Joan Baez and country star Emmy Lou Harris. Ritz is also buying RPI, its Irish distribution company, for a consideration of 875,000 shares.

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