Acorn Group, the computer company, is beginning to climb at last on the strength of its stake in Arm, a microchip company. Acorn added 5p to 143.5p after optimism about a US flotation of Arm, in which it has a 43 per cent shareholding. A successful float would do Acorn wonders, as its share price has recently been hovering around a two-year low.
Two new issues on Ofex got off to a flying debut. Key 2, a CD- Rom publisher, finished the day at 55.5p, up 35.5p on its opening price. The company publishes multimedia training CD-Roms for Mac and PC platforms. Zarara Oil & Gas, meanwhile, an independent oil and gas exploration company based in Jersey, ended the day up 4.5p at 24.5p.