Hedge Funds in Frame As Pilks is Hit By Big Sell-Off

MARKET REPORT – Evening Standard; London (UK)

THE cracks are starting to appear at Pilkington. Britain’s biggest glassmaker was one of the biggest casualties among second- liners yesterday, losing about 6% of its value as more than 34 millionshares changed hands.

Dealers say Harry Hedge Fund’s fingerprints appeared to be all over the move. There is growing concern among City investors that the shares’ strong performance may have come to an end. They have comeup from a low of 108p this year, touching a peak of 1521/2p earlier this month…

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