Shares: Taking Stock

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The Independent Online
SHARES of Mentmore Abbey down to 39p last summer, firmed to 78p. Stockbroker Panmure Gordon forecasts a sharp profits advance by the storage group. Analyst Simon Strong expects profits in the year just ended to reach pounds 4.8m against pounds 1.8m a year earlier. For this year he expects pounds 6.6m.

A NEW stock market is due to be launched on Guernsey in September. Behind the Channel Islands Stock Exchange is Guernsey's Financial Services Commission. Membership and listing rules are being drafted and a chief executive sought. The market will offer facilities for trading in the shares of Channel Islands companies as well as those based elsewhere.

FAYREWOOD held at 74.5p. Its share have climbed on bid hopes. The company is in talks to buy a computer services business which, it says, would not constitute a reverse takeover. The deal will be satisfied by cash.