Grosvenor Inns, after its pub and boardroom shake-up, is on the right route and the shares, up 17p to 233.5p, are a buy, believes Credit Lyonnais Laing. It sees profits of pounds 1.9m this year and pounds 3.6m next. The company sold 24 pubs to concentrate on its Slug & Lettuce chain. It now has 23 and plans to go to 70. The CLL target is 300p a share.Reuse content
Dana Petroleum, one of the more actively traded operators in the former Soviet Union, is said to be on the verge of winning a production agreement for the Salym field, a large and highly promising development. Three other deals are under negotiation. Graham Stewart of Dana said: "We are feeling pretty bullish." Dana shaded 0.25p to 22p. Assets, according to UBS, are worth 30p a share.