HR Owen to leave London market
HR Owen will be walked off the London stock market in April as its free float now totals just over two per cent, falling far short of the 25 per cent listing requirement, the firm said yesterday. The car dealership, which is 72-per-cent owned by Berjaya Philippines following a takeover bid last year, also counts Bentley as a major investor with a 26.3 per cent stake. HR Owen said there had been very limited trading in the shares since the bid closed in October.