By Julian Goldsmith, 10 April 2001 14:05
NEWS The company's stock reached a high of 124p by 08.30(BST) this morning but slipped to 120p by midday. Cedar promised a trading statement by 20 April and full year results on 12 June, but said it did not expect to restructure its balance sheet before then. The gains merely recovered losses made during the previous two days trading however, when it lost 35 per cent of its market capitalisation due to fears that its recent acquisition of US based Enterprise Solutions would drag it into the US economic slowdown.
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