Market Report: Taking Stock

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The Independent Online
Fortune Oil's cash call is now likely in the next two months. It wants to raise pounds 25m to help finance its intriguing joint venture in China, supplying aviation fuel at 16 airports. Fortune, which has 11 petrol stations in China, is looking for other links. It is hoping to sell its British operation to concentrate on trading in China. There are no plans to give up its London share listing. ABN Amro Hoare Govett forecasts profits moving from pounds 4.7m this year to pounds 6.9m. The shares are 14p.

Middlesex Holdings, the metals group run by Masoud Alikhani, is switching stockbroker, from Hichens Harrison to ABN Amro Hoare Govett. ABN Amro is one of the advisers to Gazprom, the Russian oil giant, which also consults Mr Alikhani. Middlesex shares are 8.25p.

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