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July 15, 1997updated 05 Sep 2016 1:03pm

FUND MANAGER FIDELITY BOOSTS ITS HOLDING IN MAID

By CBR Staff Writer

Boston-based US fund manager Fidelity Management and Research Corp has bought its holding in MAID Plc up to a 5%, with the acquisition of another 35,8000 ordinary shares in the online supplier of business intelligence services. The company’s shares, which are traded on NASDAQ and the London Stock Exchange, have slid back recently from a peak of more than 240 pence in April to a current level of 176.5 pence and Fidelity clearly believes they are good value at the price and snapped up a substantial holding. MAID is best known for its Profound product which offers market research reports, business news, company statistics and latest stock market and commodity prices. MAID has regional headquarters in London, Cary, North Carolina and Hong Kong.

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