"On the FTSE 250, property company Shaftesbury was up by 0.98 per cent or 5.50p to 566p. Following weekend news reports that activist investor Laxey Partners, acting for its AIM-listed Terra Catalyst Fund, had assumed control of an almost 12 per cent stake in the company, market speculation suggested that a bid was in offing."
http://www.independent.co.uk/news/business/sharewatch/market-report-yell-falls-on-fears-over-its-banking-covenants-798422.html