City File: Row coming to a head

THE row between Keith Moss's Etonbrook Properties and its 29 per cent shareholder, Andrew Perloff, is coming to a head. Mr Perloff is to ask an extraordinary meeting on 23 April to vote Mr Moss and Jonathan Harris, the chairman, off the board.

It is hoped Mr Perloff will be tempted into bidding for the company if he fails at the egm. Whichever way, the shares trade at 81p compared with more than pounds 1 of assets, so something must give.