Market Report: Taking Stock

EMI, one of the market's takeover plays, could be tuning in to GWR, the ambitious commercial radio group. It has acquired 4 million shares, increasing its stake to 13.58 per cent. The shares were probably picked up when Capital Radio sold its 12.9 per cent interest on Monday. GWR, where the Daily Mail and General Trust sits on 19.2 per cent, held at 189p.

Wiggins, the property group, is holding investment meetings. The company is no doubt drawing attention to its successful take over of Tomorrow's Leisure.

Early this year it paid pounds 12m for the 75 per cent it did not already own. It has since sold TL's two hotels for pounds 12.8m and still has large chunks of TL land including the Liverpool Gardens Festival site. Wiggins firmed to 10.5p.