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China Daily | Updated: 2008-12-02 08:13

Comfortable rise

Land of Leather Holdings Plc, the UK sofa retailer, doubled in value in London trading after announcing it is in talks that may result in a takeover bid.

Land of Leather shares rose as much as 6.5 pence to 13 pence and traded at 11.5 pence at 8:28 am. The shares had slid 99 percent this year before yesterday's announcement. The current price values the company at 4 million pounds.

IN BRIEF (Page 17)

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