Shares: Taking Stock

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General Industries, sold at 25p a share, is due to appear on AIM today. Headed by Richard Wollenberg, who runs Cardiff Property, it is the latest start-up aiming to offer support to up-and-coming companies. The four directors have 31 per cent of the capital and fund manager Jupiter Asset Management has taken a 15 per cent stake.

Industrial Control Services jumped 8p to 49p as the Trevor Wheatley inspired revamp got underway. The shares were 146.5p in September, before estimated half year losses of pounds 27m became apparent. There are hopes of profits in the second half year. To help stabilise the company shares are being sold at 30p to raise pounds 32.1m. Mr Wheatley, former head of Control Techniques, becomes chairman, investing pounds 1.5m.