Pinewood Shepperton, the film studio owner that has recommended a 200p a share offer from billionaire property developer John Whittaker, added 1.4 per cent to 213¼p.
The gains came after Warren James Holdings declared a raised holding of 17.2 per cent in Pinewood. Traders are unsure whether Warren James will be able to prevent Mr Whittaker from de-listing Pinewood. Mr Whittaker needs the backing of 75 per cent of Pinewood’s shareholders to take the company off the market.
Bellzone Mining added 6.3 per cent to 42p after a positive update on its Forecariah project in Guinea. “We do not believe the current share price reflects a company that is on schedule to be producing and shipping iron ore within the next 12 months,” said Canaccord Genuity.
Greka Drilling, which provides drilling rigs for extracting coal-bed methane gas in China, continued its recent remarkable run, rising a further 36.2 per cent to 48.88p and taking its advance this week to 90 per cent. The company is valued at £194m and the rise comes after presentations in the City.
RAB Capital, off 1.3 per cent at 8.22p, was in focus. The hedge fund is expected to confirm its planned de-listing next week and traders reckon it offers an exit mechanism for shareholders financed by its cash resources.
Clinton Cards added 18.4 per cent to 14½p on talk the Lewin family might look to take the struggling gift card retailer private, while Capital Pub Companies jumped 23.1 per cent to 191½p after it rebuffed a 200p bid from Fuller, Smith and Turner , up 5 per cent at 685½p.