Taking Stock

The stock market should be split into three, believes Cisco, a lobby group representing companies outside the FTSE 350 index. It suggests the top 350 should form an international section; a national market should embrace "well developed" listed companies and an enterprise market take in AIM and Seat shares. Chief executive Katie Morris says London could lose its "rising stars" to overseas markets unless it reshapes.

Jarvis, the ambitious construction and rail maintenance group, could have another big deal in the pipeline. Figures are due soon. The shares rose 5.5p to 275.5p.

Expect developments at West 175 Enterprises, a US TV group. It was in the red last year but could make profits of pounds 220,000 this year; the shares held at 80p.