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Tuesday, 14th October 2008

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Superglass slide continues as concern builds over its market



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Published Date: 24 July 2008
SCOTS STOCKS
INSULATION manufacturer Superglass took a sizeable hit for the second day in a row, when it fell more than 4.5 per cent, or 2.75p, to 57.25p. The firm's shares have been adversely affected by growing concerns over the housebuilding sector.

Despite
being chosen as a company with world beating potential by ratings agency Standard & Poor, shares in Aggreko fell slightly. The firm dropped 2.3 per cent to 712p. Only nine companies in the UK made the list, and only one in Scotland. The eight others, except one, enjoyed a small boost in price.

Wolfson Microelectronics rose by 3.3 per cent, or 4p, to 127p ahead of its results next week.

Activity yesterday surrounded Dawson International – although the share price remained unchanged at 1.75p – when Cantor Fitzgerald Europe announced it had sold its 8.2 per cent stake in Dawson. Then Guinness Peat, a major long-term investor in Dawson, ramped its stake up to 15 per cent, despite having last week sold off just over 5 per cent of its share.

On Aim, shares in oil and gas engineering services business Plexus Holdings were also unchanged, at 66.5p, despite news from the firm that it had exercised a long-standing option to buy out US-based Plexus Deepwater Technologies from Grant Prideco for $2m (£1m).





The full article contains 233 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 23 July 2008 8:39 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
 

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