Shares: Taking Stock

The shake up on the Hanover International share register continues with Bridgend, the distributor, selling its remaining 3.1 per cent stake at 128.5p. Last week the Montanaro smaller companies fund lifted its interest to 11.79 per cent, buying shares from Equitable Life Assurance. There are persistent suggestions Jarvis Hotels is interested in the even strong hotel chain. The shares shaded to 126.5p.

After football and rugby its the turn of ice hockey to make its City bow. Telford Tigers made a successful debut on the fringe Ofex market, scoring a 5.5p plus to 45.5p, pricing the club at pounds 770,000.

Tullow Oil firmed to 148p. The long awaited announcement of Bangladesh developments should appear soon with the Irish oil group thought to have achieved a positive outcome.