Shares: Taking Stock

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The Independent Online
Prestbury Leisure, a little sportswear company which came to market in April, rose 0.5p to 2.75p after confirming talks with possible bid targets. Chairman Mike Edelson had been expected to use the company as a vehicle for bringing a football club to market via a reverse takeover.

But Domino's Pizza, a home delivery business where entrepreneurial investor Nigel Wray has 20 per cent, is now regarded as the most likely acquisition. Domino's, owned by a US group, has more than 130 outlets in this country.

Gibbon, the printing ink group, rose 8.5p to 123.5p, a three day 27p improvement. Investment presentations in Scotland are behind the activity. Paul Spencer at stockbroker Granville Davies is looking for profits of pounds 2m this year and pounds 2.2m next.

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