Taking Stock

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The Independent Online
Megalomedia, headed by Maurice Saatchi, gained 3.5p to 63.5p. Landau Enterprises, owned by the Saatchi family and friends, picked up 100,000 shares at 59p, lifting its stake to 43.1 per cent. There is speculation Mr Saatchi could descend on the Saatchi & Saatchi advertising group, split from Cordiant. S&S was little changed at 113p.

Deltron Electronics, a distributor and maker of electronic components, firmed 8p to 127.5p following a round of investment meetings. There are suggestions it will make a positive trading statement this week. Profits this year are likely to emerge at pounds 3.3m, up from pounds 2.7m, and there are hopes of pounds 3.8m next year.

Alan Stack, chairman of Lotteryking, providing lotteries for clubs, picked up 300,000 shares at 1.5p, taking his stake to 35.48 per cent. The price held at 2p.