Fledgling hotel company Hanover International firmed 2p to 149.5p on talk of a possible takeover bid. Put together by Peter Eyles, who used to run Norfolk Capital, it has seven hotels, most acquired from a French finance house which repossessed them during the recession. Thistle Hotels, 2p lower at 185.5p, is rumoured to have an acquisition in its sights. Hanover is capitalised at pounds 26m.
Eleco, making building materials, gained 2p to 15p, despite an increased half-year loss of pounds 1.56m. New chairman John Ketteley is accelerating the property disposal programme to reduce borrowings.
Berkeley Playhouse, developing a table-dancing club in London's West End, arrived on Ofex, moving from 100p to 103p.