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Taking Stock

Flextech, the cable and satellite programmer, is developing a travel channel which will allow viewers to make travel bookings via TV. Flextech will control 87.5 per cent of the venture, which has yet to be named. Harry Goodman, former head of the ILG travel group and Denis Strauss, joint founders of Marcbrand will own the remainder. Flextech's shares remained unchanged at 566p.

OMI International, the engineering group, is starting to bounce after hitting a year-low of 14p earlier this month. The company ended up 2p at 17p after Tuesday's pounds 2.3m acquisition of Forry. Forry specialises in particulate control systems for the industrial processes and power station market in the States. OMI announces interim results on Tuesday.