NEWS of a temporary suspension of share-trading could herald good news for troubled Manchester industrial giant Carbo.

Trading on AIM was halted at the request of the Trafford Park-based industrial abrasives firm on Friday pending an announcement later today.

The company took the action on advice from the Stock Exchange which was concerned there might have been a leak about today's statement, sparking a sharp rise in the share price over two or three days last week, said chief executive Ken Jackson.

But he remained tight-lipped over any further details.

However, at the end of last year Mr Jackson vowed to transform the 90-year-old firm's fortunes within 18 months.

And speculation ahead of today's announcement was that Mr Jackson may have found a winning formula.

Tweet