Taking Stock

Click to follow
The Independent Online
A story of an "experienced management team with a good track record" is how Nigel Popham of stockbroker Teather & Greenwood describes Glenchewton, the houseware group which has moved into pubs. He forecasts profits of pounds 1.7m this year with pounds 3.2m in 1998. The pub operation is concentrating on food outlets and he expects the chain to double to 30 next year. The shares, which have had a good run lately, were unchanged at 61p.

Two tiddlers tapped the market for cash. Greenhills, with an American- style restaurant opening in London's West End, pulled in around pounds 200,000 placing shares at 14p and Surrey, a bookie, achieved a similar sum with a 1p placing. It wants the cash to develop golf interests. Greenhills held at 15p; Surrey at 1p.