'Third Advance Value Realisation Trust, the investment vehicle run by Progressive Value Management’s Robert Legget that raised £72.4 million last month, continued to stir interest by emerging with stakes in a clutch of small caps. Over the past few sessions it has bought 5.1 per cent of Zotefoams, off 1½p at 75½p, 15 per cent of Dawson International, up 18p at 818p and 20.6 per cent of MSB International, up 2½p at 36p, which on Tuesday gave warning on profits, and yesterday turned up with 3.5 per cent of Harvey Nash, steady at 38½p, 4.5 per cent of Quantica, unchanged at 57½p, and 4.3 per cent of Wyndeham Press, down 1p at 128p. That concentration in the recruitment sector prompted talk that Mr Legget, not one to sit back, may take on the mantle of pushing for consolidation.'
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