Hostilities have broken out at European Mining Finance. A meeting has been called to oust three directors, including chief executive Christopher Hall. Gordon Montgomery and John Goodger are put forward as replacements. But the action could extend beyond the present spat. Irish Marine Oil, Petrel and Hereward Mining are thought to be circling. EMF held at 20p.
Rentokil Initial, the business services group, plans a US investment roadshow next month. More than 22 per cent of its shares are held in the US. Meanwhile its Danish shareholder Sophus Berendsen is, in effect, handing out 32 per cent of Rentokil's capital to its shareholders through an investment trust which will be traded on the Copenhagen stock market. Rentokil rose 2p to 254.5p.