Shares: Taking Stock

WATCH Hadleigh, the engineer. There is talk of corporate activity. The shares rose 12p to 250p; they have risen from 193.5p this month. Last year profits hit pounds 2.1m and a similar result seems likely for the year ended in March.

PROMINENT Information, offering a newspaper monitoring and information service, claims the distinction of being the first Ofex company to have a rights issue fully underwritten. A pounds 900,000 call has been backed by Hong Kong-based Cathay Pharchem Trading. The shares are 25.5p; dealings in the nil paid rights start next month.

STAKE building at Reece, the distributor? There is talk that a construction group is in the market picking up shares. An institutional sale of around 5 per cent was quickly absorbed. Reece shares firmed 0.25p to 2.25p, a 12 month high.