Compound fractions are, in British practice, always hyphenated:
… a mixture of one-third equity and two-thirds debt …
Source
‘Centrica forced into deep discount on £2.2bn rights issue’, The Times, 1 November 2008, p. 57
For other errors in the same article, see:
Helping clients say what they mean in written corporate communications.
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© Twenty-six Letters 2008