Shares of Charles Sidney, a car dealer with Mercedes distributorships, have edged forward to 85.5p in the past week. There is talk Reg Vardy, the aggressive garage group, is steering towards a bid. Vardy, with around 60 dealerships, already has Mercedes links.Reuse content
Kevin Leech, the man behind ML Laboratories and the Queensborough leisure group, is thought to have descended on little, loss-making Kay's Food. Millennium Ventures, believed to be linked to Mr Leech, has picked up a 5.2 per cent stake. Kay's, once a butcher, now a London contract caterer, took a 35 per cent interest in a company providing domiciliary care for the disabled and elderly in June. It has an option to buy full control. Kay's shares held at 2p, capitalising the company at pounds 2.4m.