Shares: Taking Stock

Click to follow
The Independent Online
Action at Metrodome which has fallen from 25p to 11p. John Hall has moved in as chairman and Howard Mighell is the new finance director. Mr Hall has made it known he wants to take Metrodome, largely a film group, into music publishing, home videos, record distribution and marketing. The revamp includes the appointment of Butterfield as stockbrokers and a couple of acquisitions.

Fibernet, the blue-sky digital network group, raised pounds 3m, placing shares through stockbroker Greig Middleton with institutions. The shares rose 7.5p to 192.5p. In January NatWest Securities suggested Fibernet could produce profits of pounds 17m next year.

Ahead of today's shareholders' meeting Greenalls edged forward 3.5p to 414p. Stockbroker Panmure Gordon has a 480p target for the hotels and pubs chain which, in some quarters, is seen as a takeover candidate.