City File: Tunstall to retreat to core activity

EXPECT news soon that Tunstall Group is retreating to its core business of emergency alarms for the elderly, by selling off the remaining businesses it collected during its not-overly successful foray into security systems. That should please the City, where Tunstall shares have picked up quite a following over the past couple of years.

Since the beginning of 1991, the shares have risen from little over pounds 1 to their present level of 295p. The company having just settled out of court for pounds 750,000 plus costs in its long-running dispute with Ernst & Young over the collapse of Sound Diffusion, the shares look to have further to run yet.