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The Independent Online
Blade maker Eurovein stuck at 56p as Villiers, an engineer, took its stake to 12.31 per cent. With an pounds 8m war chest Villiers should have little difficulty mounting a bid with Eurovein priced at pounds 9.2m. Although the blade maker has returned to profit it could have problems defending an assault with its shares a long way from their 141p flotation.

Proginet, a computer software distributor, gained 2p to 45p on the JP Jenkins Ofex market. Shares of its US partner more than doubled to $8 following a new link with Microsoft over computer security password control systems.

Still on Ofex: Motion Media, a video telephone business which launched last week at 67.5p climbed a further 85p to 205p.