Taking Stock

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The Independent Online
Radius, the computer group, firmed to 35.5p after director and 13.5 per cent shareholder Edward Sharp failed to oust chairman Michael Roberts and chief executive Philip Kelly. Mr Sharp consequently left the board. There is talk high-flying Lynx, up 1.5p at 166.5p, could pounce.

Telecom Plus, offering a cheap service to 6,000 customers, got its wires crossed, collapsing 33p to 17.5p on Ofex.

A new major shareholder and chairman failed to offset the shock of a cash raising exercise and mandatory 5p-a-share bid. New chairman, with a 51 per cent, is Charles Wigoder, founder of Peoples Phone, taken over by Vodafone for pounds 77m.

Sock maker Pex is said to be planning a 3p rights issue. The shares held at 3.25p.

Although interim figures were higher, year's out-turn is expected to be disappointing following poor sales in October and November.

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