City File: Frost Group
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THIS week marks the first anniversary of one of the more successful stock market debuts of recent years. Last October, Frost Group, the petrol retailer, issued its shares at 235p. Since then they have risen to 448p. Profits are expected to more than double in 1992, to pounds 5.75m from pounds 2.5m. Next year, analysts are predicting a further increase, to pounds 7.6m. At present, Frost is expanding at the rate of one new petrol station a week. Mercury Asset Management has amassed an 18 per cent stake and the shares, which have been strong recently, look set to rise still further.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments