Northstar Securities, the property group, is believed to be on the point of agreeing a merger. Julian Fifield, chief executive, resigned yesterday, and City sources said it was likely the company had received a bid approach. Northstar came to the market in the spring at 30p. It closed unchanged at 47p last night.Reuse content
Crown Products Group, the AIM-listed gifts, arts and crafts manufacturer, is expected to unveil its refinancing plans within a fortnight. The company, which said at its AGM in August that there was a clear need for new funds, lost another penny yesterday and closed a whisker above zero at 1.25p. Crown, which has appointed a new chairman since the AGM, has been talking to institutional investors in the past few weeks about its plans.