Taking Stock

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The Independent Online
First-time dealings in two newcomers, due today, have been postponed until Friday for contrasting reasons. Oxford Biomedica lost two of its four underwriters at the last moment and cut its flotation to 10 per cent of its capital from 22 per cent. It is now raising pounds 5m against ambitions of pounds 11m.

Yeoman, a hi-tech group, delayed because of a late rush of private investors. Stockbroker Bell Lawrie White sought the postponement so it could accommodate the late comers.

Deltron Electronics held at 150p. It has signed a contract with Mitsubishi Electric of Japan for filter solutions which is worth up to pounds 3m a year. When it floated in September Deltron forecast profits of pounds 2.59m on pounds 25m turnover. Results are due in January.