STOCK WATCH

SHARE in Minoan Group flew after revealing it is close to selling its 13 travel agencies to an anonymous buyer.

In a trading update, the AIMlisted travel company said the deal should leave it ‘substantially debt free’ if it is agreed.

Glasgow-based Minoan says it will concentrate on the fivestar holiday resort it is developing in Crete which will include three golf courses, a marina and hotels.

Shares leapt yesterday and eventually closed up 30.5pc, or 1.6p, at 6.85p.