Market Report: Taking Stock

Text 100, a technology specialist public relations consultancy headed by Tom Lewis, held at 39.5p on Ofex. It is due to report its first yearly results since arriving on the fringe market in March. There is talk profits have climbed more than 20 per cent to around pounds 1.2m. The shares were floated at 30p. Text, with BT and Microsoft among its clients, is thinking in terms of a full listing, possibly within two years.

It has not taken VNU, the Dutch publishing group, long to increase its stake in Freepages, the business directory group. On Tuesday it picked up 4.47 per cent; now it has moved to 10 per cent. The two have trading links; in September they launched Freepages Scoot consumer information service in Holland. Freepages held at 36p.