STOCK WATCH

ENGINEER Van Elle has had a rocky ride since joining the AIM market in 2016 priced at 100p per share. Chairman and founder Michael Ellis tried to oust directors last year, claiming he could do better, but was shut down by shareholders.

Sales grew 10.4pc to £103.9m during the year to April, but profits were down 4pc to £11.1m. Shares fell 1.2pc, or 1p, to 85p.

Hopes are pinned on ex-Balfour Beatty director Mark Cutler, 49, who joins as chief executive in the next few months.