SMALLER STOCK TO WATCH
Careforce Group, the care company, is to raise about £7 million through a share placing and is seeking admission on the Alternative Investment Market in November 2004. Careforce provides care services for the elderly in their own homes. Turnover for the year ended July 31, 2004, was £12.5 million, an increase of 45 per cent on the previous year.
DEAL OF THE DAY
Gresham, the private equity house, has backed the management buyout of Flowtech, the pneumatic and hydraulic products supplier. Flowtech, based in Lancashire, has grown at 20 per cent a year for the past two years. The company sells online and via a catalogue. It offers delivery of products the following day and has gained 3,500 customers.
BET OF THE DAY
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On Friday AstraZeneca shares were showing signs of recovery, in the wake of a US Food and Drug Administration negative comment on its Exanta drug. But will they continue to rise? TradIndex offers a spread of £23.59 to £23.79 on where the shares will close on December 14.