ABN Amro told its clients that a bid, which speculators have said could come from Northern Foods or AB Foods, is unlikely.

This halted a strong run for Geest shares, which had been trading healthily and and at a premium to the rest of the sector since mid-March.

More than one specialists thereofre advised investors to take advantage of the profits available through a quick sale of shares. A large number cashed in during the early part of the week.