Fayrewood profit hopes

Mr Pierce Casey, executive chairman of the London-quoted computer services group Fayrewood, has said that the company expects to be able to report half-year profits which are significantly ahead of the same period last year. The results for the six months to October 31st will be issued by December 10th, he said at the company's annual meeting in London yesterday.

Mr Casey said the German company Computerlinks would report a "very substantial increase" in profitability when it releases third quarter results later this month. Fayrewood owns 53 per cent of ComputerLinks.