STOCK WATCH

SHARES in Stride Gaming were in demand after the owner of Kitty Bingo effectively put itself up for sale.

The price of 111p – after it climbed 7.3pc, or 7.5p yesterday – values the business at around £83m. Floated in May 2015 at 132p, it raced to more than £3 before hitting reverse gear when it incurred fines for compliance failures.

With around 11pc of the £2.8bn-a-year online bingo market, the company should attract attention from the industry’s big wheels.