Shares: Taking Stock
Plantation & General jumped 12p to 108.5p, highest for years. The company is now controlled by Nick Roditi, the fund manager with close links to legendary George Soros. Mr Roditi has bid but wants to retain P&G's listing. His current stake is just under 44 per cent with few shareholders so far accepting his 80p offer. There is talk he has plans for intriguing developments in Africa. Rupert Pennant-Rea, former Bank of England deputy governor, has become chairman. Four years ago P&G shares bumped along at 15p.
VideoLogic rose 6p to 70p, a 12-month high. It is still gathering contracts for its PowerVR 3D processors, developed with NEC, the Japanese group. Merrill Lynch sees VideoLogic moving - just - into profits this year with pounds 5.7m likely next year.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our new commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies