Shares: Taking Stock

JOHN GUNN, the 1980's entrepreneur, has nudged up his stake in West 175 Enterprises, an AIM-traded company which produces "lifestyle" television programmes and connected books and merchandise. He has acquired 10,000 shares, lifting his interest to 4.87 per cent. His modest buy spurred the shares 10p to 65p. They were placed at 125p nearly two years ago. The price has been down to 50p.

CARLTON Communications and Granada are due to hold a City investment presentation on Friday. Subject is their joint digital television operation due to start towards the end of the year. Carlton shares shaded 2p to 518p; Granada rose 28p to 1,075p.

FIBERNET, the national communications network group, will make further losses - perhaps pounds 2.5m - this year but produce profits of pounds 6m next year, believes stockbroker Greig Middleton. The shares are 300p, up 2.5p.