Shares in distribution company Umeco rose by 8% today after reports that it was planning to sell the aerospace supplier Pattonair for over £200 million. Analysts say that such a disposal would transform Umeco’s balance sheet from a £70 million net debt position to one with a healthy surplus.  Umeco is believed to have hired NM Rothschild to sell the Derby-based company. Pattonair recorded pre-tax profits of £2.1 million in the year to 31 March 2010 on revenues of £33.6 million. Umeco shares have lagged of late driven lower by problems at Rolls Ryce and Boeing, the company will be

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