Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Market Report

ENGINEER FKI jumped by 9p to 176p in heavy trading. Speculation continues about a possible management buyout led by chairman Jeff Whalley.

Mr Whalley is thought to have had an offer of around 200p a share rejected by the board's independent directors and has since been attempting to put together a higher bid.

The shares peaked at 227p last year; they were down to just 102p when the market was in ragged retreat in the autumn.