Text 100, a public relations group specialising in hi-tech clients, made a high-powered Ofex debut, reaching 42p against a 30p placing. Only 800,000 shares, 4 per cent, were placed. The company, which made profits of just over pounds 1m last year, was started 16 years ago - its first client was Rodime, now little more than a gamble on the outcome of US court cases.
Glenchewton's flirtation with pubs may be ending. The pots and pans group, which produced profits up from pounds 677,000 to pounds 1.64m, is said to be willing to sell its Country Style Inns, looking for around pounds 10m. It is thought to have made presentations to interested buyers. Glenchewton, which said CFI's expansion depended on finding suitable sites, made no reference to any pub sale in yesterday's results statement.