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The Independent Online
Galaxy Media Corporation, a grandly named showbiz tiddler, rose 20p to 175p, a peak, on the back water Seats share market. The former CSC Investment Trust is the vehicle of television producer Mike Mansfield, who pumped his production company into GMC in exchange for shares. Chesterlodge, controlled by insurance man Christopher Moran, has 25 per cent with Mansfield interests able to go to 49 per cent as earn outs fall in. There is talk GMC has TV acquisitions in the pipeline.

Marine & Mercantile jumped 17p to 100p. The excitement stemmed from its Czech involvement with stories circulating about a coal bed methane development. On Wednesday, when producing interim results, M&M talked about a Czech programme of "re-entry and testing" of cbm four wells.