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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.