Shares digital

Rank (RNK) 91.75p

Peter Gill has resigned as finance director of Mecca bingo and Grosvenor casinos operator Rank. (Read the full story: www.sharesmagazine.com/node/3911)

The Shares says: Casinos in decline and key management has bailed out. There is no discernible light at the end of the tunnel. SELL

FT says: The prospect of a bid for Rank Group appeared to recede yesterday after its finance director stepped down and one of its biggest investors said it had no plans to mount a takeover of the struggling gaming company.

The Independent says: Rank Group shares dropped by more than 10% yesterday as analysts concluded that the resignation of the finance director indicated no imminent takeover of the troubled entertainment company.

The City - says: While not wanting to speculate as to the exact reasons why [Gill left], the announcement does not give any encouragement as to current trading, nor does it add weight to the speculation that the group is about to receive a bid.