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Foreign & Colonial Smaller Companies announces drop in share value

Foreign & Colonial Smaller Companies&#39 net value per share has fallen by 4.2 per cent in the six months to October 31, 2000.

F&CSC chairman Sarah Hogg blames disappointing returns in Japan and continental Europe.The interim dividend has been increased by 4.8 per cent.

Hogg says: “Although the uncertainty about the prospects of the world economy leads us to take a cautious view, volatile markets offer opportunities to establish holdings in smaller companies which offer the potential, over the medium term, for good returns.”

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Image courtesy of Stuart Miles at FreeDigitalPhotos.net

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