Fenner rises on positive forecast

Polymer manufacturer Fenner’s stock closed 9.02 per cent up yesterday following a positive trading statement from the company, which makes conveyor belts. The shares closed at 386.7p, up from 354.7p the previous day, as the company reported an increase in first-quarter profitability and forecast further progress in the second quarter. The firm’s chairman, Colin Cooke, is due to step down in March this year.