Merivale ahead

MERIVALE MOORE, the property investment company, increased profits from pounds 858,000 to pounds 3.66m in the year to 30 July, with the help of a successful pounds 2m negligence claim against a firm of chartered surveyors.

The group invests in office, shop and residential property in the corridor from Holborn to Hammersmith in London. Net asset value rose 35 per cent to 116.2p and the shares rose 6p to 69.5p.