State Street builds stake in Axis-Shield

ASSET manager State Street has continued to build its stake in Axis-Shield, the Dundee-based medical testing kit maker that is the subject of a takeover bid from New York-listed Alere.

State Street raised its holding by a further 1,257 shares to 614,039 or 1.228 per cent.

l Axis-Shield has sold about 40,000 of its Nycocard machines globally, rather than the 50,000 reported in yesterday's Scotsman.