Taking Stock

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The Independent Online
PGA European Tours, the old Union Square property company now building a spread of championship golf courses, is thought to be the bidder for struggling Clubpartners International.

The target said talks were on with a bidder it did not identify which could lead to an offer of around 1p a share. Clubpartners shares were putted 5p lower to 5.5p. They were 33p in the summer but fell from around 14p when earlier this month the company warned of a bid below the market level.

Bruntcliffe Aggregates held at 25.5p. The Bardon quarrying group, already with an option on 14.99 per cent of BA, has acquired an option on another 7.72 per cent and is seeking further options. Bardon's chief executive Peter Tom ruled out a full bid for Bruntcliffe.