Shares in House of Fraser lower than expected

Thursday 17 March 1994 19:02 EST

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Shares in House of Fraser are to cost 180p - below City expectations - valuing the company at pounds 413.3m. Pictured are Brian McGowan, chairman (left), and Andrew Jennings, managing director. Applications for the issue close next Friday.

Bottom Line, page 34

(Photograph omitted)

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Shares in House of Fraser lower than expected

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