Taking Stock

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The Independent Online
Littlewoods, the pools and retailing group for so long thought to be lining up a deal with Lanica Trust, has set its sights on struggling Jacques Vert. It is taking a 29.9 per cent stake and intends to develop a new mail order catalogue with the fashion group.

Littlewoods, which has agreed a pounds 395m deal for the Freemans business, is paying pounds 2.7m or 30p a share. Jacques Vert shares, down to 28.5p in November, jumped 21p to 53.5p.

Radio First held at 8p on Ofex. It is paying pounds 225,000 down and pounds 500,000 later for three radio stations at Peterborough, Northampton and Cheltenham. The seller is GWR. Other deals are on Radio First's wavelength. The company owns the growing Mellow Radio, expected to break even this year.