BRITISH AEROSPACE RAISES SYSTEM DESIGNERS STAKE
British Aerospace Plc <BAEL.L> said it
has increased its stake in <Systems Designers Plc> to 22.1 pct
or 25.46 mln ordinary shares following the purchase of 10.45
mln ordinary shares.
    The British Aerospace Pension Fund holds 2.15 mln ordinary
shares in Systems, representing a stake of 1.9 pct.
    A spokesman for British Aerospace said it has no present or
future intention of making a full bid for Systems Designers.
System Designers shares were nine pence higher at 100 prior to
the share stake announcement, and have showed little movement
since.
 Reuter
