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It makes conservatories but they have fallen out of fashion

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It makes conservatories, but they have fallen out of fashion.A big sale of shares in Eurodis Electron sparked fears that negotiations on a merger with an electronics distributor may be off The shares fell 0.13p to 0.92p. And ContentFilm, the disastrous film financing group, collapsed 0.38p to 1.87p after an institutional investor gave up, dumping 1.7 million shares at just 1.5p.. And Solitaire was up 10p to 545p after positive comment on the property management company’s regional expansion plans, after the opening of offices in Southampton and Leicester Ultraframe was 0.75p lower at 44.75p. For almost the first time in his three years as director general of the World Trade Organisation, Supachai Panitchpakdi is looking happy.

Yesterday, its stock was up 3.5p at 96.5p.Western Canadian Coal climbed 9.5p to 186p after being tipped by Investors Chronicle. The company insisted there was no reason the shares should be falling. But investors who did not take part in the placing believed it showed Alizyme had failed to attract a big pharmaceuticals firm to fund further work on its experimental drugs for irritable bowel syndrome and obesity – an assumption that dents confidence in their eventual sales prospects. The main reason for the reversal was a long-delayed regulatory agreement on how further trials of the bowel drug should be conducted.

Coming so soon after strong results from Intel, it sent shares in ARM Holdings and Wolfson Microelectronics – two UK chip designers – up 3.75p to 119.75p and up 3.75p to 160.75p, respectively.Icap was a strong market, its shares rising 9.5p to 323.5p, up 7 per cent on the week. The inter-dealer broker, an intermediary for traders dealing in complex financial derivatives, has been beefing up its electronic trading platform, and there was renewed speculation it will demerge its old-fashioned telephone-broking business.Shares in the biotech company Alizyme crept back towards the level at which the biotech company raised £32.8m in April. That was at 100p, and the management has been aggrieved that the stock market immediately sent the shares lower, as low as 75p. Kingfisher, long seen as a target for Home Depot, rose 4.5p to 245p.And Regus, the serviced offices group, surged in very heavy trading, up 6p to 103p on bid gossip.Investors heard of a Goldman Sachs upgrade to forecasts for STMicroelectronics, the Swiss chip maker. Amvescap was up 11.5p at 419.5p awaiting news on a move from its Canadian suitor, CI Financial. Exel, the logistics group tipped as a target for Deutsche Post, rose 26.5p to 865p.


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