Shares: Taking Stock

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The Independent Online
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.

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.

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