AIM-quoted fund manager Farlake dipped 10p to 265p as three non-executive directors resigned. The departing directors were all connected to broker Hichens Harrison, which recently sold its 25 per cent stake. US-backed investor EMS, which took over the shares, has nominated one replacement.
T CLARKE, the electrical engineering contractor, dropped 8p to 126.5p as Electrowatt, the Swiss Group, sold its entire 53.15 per cent stake. The shares were placed with institutional shareholders and T Clarke's management at 105p. The shares have doubled in value in the past year.