TAKING STOCK

rAberdeen Trust, the fund manager, firmed to 123p as Scottish Value, which is endeavouring to shake-up the investment industry, abandoned its predatory intent by selling its 14.3 per cent stake. The sale occurred as Abtrust linked with Phoenix Home, a US insurer, for an American drive. Phoenix is buying convertible notes which could translate into a 17.1 per cent interest in Abtrust.

rEnviromed, the healthcare group, has almost eliminated debt by selling its dental equipment group side. Another disposal is near. It expects its diagnostic division to become its main earner. Profits will not be made this year but should start to flow next. Enviromed, where stake building is evident, has yet to impress. The shares fell 3p to 23p (after 17p). They were floated at 110p.