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The Times & The Sunday Times
The Times & The Sunday Times
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The Times
The Times

Rumour of the day

The sale of Dawnay Shore Hotels, in which Hotel Corporation has a 49 per cent stake, is said to have attracted the interest of Permira, the private equity firm. Hotel Corp was up 6p to 288.5p.

Director deals

David Whelan, the founder of JJB Sports, offloaded more shares in the retail chain for £3.4 million at 227p. That means Mr Whelan, who retains 13.1 per cent, and his family have netted £6.5 million from share sales this month. JJB closed down 0.25p at 230p.

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Tiddler to watch

Palladex jumped 20 per cent after buying the exploration assets of Ambrian Capital. The deal provides Palladex with gold, platinum and diamond prospects in Ethiopia, Madagascar and Sierra Leone to add to its existing gold resources.