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Taking Stock

MARKET REPORT

Derek Pain
Friday 03 January 1997 19:02 EST
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Haemocell, the struggling healthcare group which was once a high flyer, has managed to raise pounds 2m to continue to develop and market its blood filter treatment. The company had warned that without new funds it would not be able to continue to trade. The shares, a casualty of the USM's closure, are due to start trading on AIM on Monday. Last price was 4p.

Rangers, the Glasgow club traded on Ofex, is rumoured to be near to seeking a stock market listing. The shares have been strong and rose a further 60p to 535p yesterday.

Xavier Computer, the acquisitive company, has completed the take over of CSL International for pounds 3.2m in cash, shares and loan notes. The shares, suspended at 11p, are expected to return to AIM on Monday.

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