TAKING STOCK

MARKET REPORT

Hunting, the aviation group, has clambered off its year's low of 110p on suggestions it could be taken out of its misery by a friendly takeover bid.

The shares gained 8.5p to 138.5p with the Cobham aviation group cited as the likely predator.

Interim figures are due next week and are expected to be accompanied by a dividend cut, which could make the Hunting family more willing to listen to offers for its near 30 per cent interest.

RAP, the rubber and plastic group, fell 9p to a 60.5p low as the market fretted about its ability to turn round the Welpac nuts and bolts packer.

The shares have fallen from 165p a year ago. The company acquired Welpac, on rescue terms, in August last year.