STOCK WATCH

INVESTORS in mobile gambling firm Nektan were down on their luck yesterday after its chief executive announced his departure.

Leigh Nissim will remain with the Gibraltar-headquartered business until August before taking up a new, unspecified role. Nektan has begun its search for his replacement.

In the meantime, former chief executive Gary Shaw, who founded Nektan in 2011 and holds a 14.8pc stake, will take over as boss. Shares fell 15.3pc, or 5.5p, to 30.5p.