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Article: Yell's gains are music to investors' ears

Article from:
The Independent (London, England)
Article date:
September 9, 2009
Author:
Copyright

Market Report

In "Rebel Yell", Billy Idol sang of his little dancer who wanted "more, more, more". Investors in Yell Group were similarly chirpy yesterday, as the extraordinary rise of the directories business continued.

Yell stormed to the top of the FTSE 250 yesterday, up a fifth to 65p. The shares have trebled since early July and are up from a year low of 13.5p in March. If you believe the analysts at Cazenove, the gains won't stop there.

They said in a note: "Although Yell has bounced about 75 per cent over the last month, we believe the share price could still see further upside on a successful re-financing of the balance sheet and confirmation that trading conditions are gradually ...

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