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The Independent Online
Christies International, the fine art auctioneer, rose 8p to 224p as the market continued to speculate about the intentions of near- 30 per cent shareholder Joseph Lewis. There is talk that he has found a buyer for his stake, believed to be Far Eastern, and a sale will lead to a cash bid for the group. Mr Lewis wanted representation on the Christies board but was, it appears, rebuffed.

Springwood, formerly timber group JO Walker, returned to market as a leisure enterprise with the shares trading at 708p against a 743p suspension price. Trading halted while Walker acquired pub and other leisure interests owned by chairman Adam Page, the man who created Midsummer Leisure out of the commercial arm of Camra in the l980s.