Click to follow
The floodgates were opened at Cambridge Water, until recently a statutory company. Its slimmed down shares surged 139.5p to 245p and first-time dealing in the new non-voting shares, handed out as a bonus, produced an opening price of 235p. The reorganisation package for one ordinary share provided a value of almost pounds 108 against the pounds 85 or so price before the change.

Sutherland, the Edinburgh stockbroker, is to open in London with Mike Cunnane, formerly with Panmure Gordon, in charge.

Stock market turnover last month was a record pounds 68.2bn, beating the January 1994 record of pounds 65bn. AIM turnover was also a peak - pounds 133.4m.