Caffe Nero is becoming popular with investors, with the shares up 25% in the past month to 87.5p. Teather & Greenwood forecasts the current year's pre-tax profits to May at £2m. However, the Financial Times warns that if the company makes noises about entering northern Europe, investors could catch a cold, worried it might be spreading itself too thinly and spending its newly accumulated cash too quickly. Financial Times (Money & Business) 20/03/04 page 4 (Weekend Share Watch)