Market report: TAKING STOCK

GGT, the old Gold Greenlees Trott, gained 10p to 238p, just below the 12 month high. Shares of the advertising agency have climbed from 169p in the past year and their recent strength is thought to herald takeover action.

The company is believed to be trading well and should have produced around pounds 5.8m in the year ended April against pounds 4.5m.

Questions are being asked about Real Time Controls, the computer group. Yesterday it, in effect, issued a profits warning, saying profits would be similar to last year's pounds 1.7m. At least pounds 2m had been expected. There is surprise the trading statement was not released on Friday when chief executive Brian Emerson quit. The shares, then 314p, fell a further 20p to 223p.