Ramp up Tuesday

Many market participants this morning have been focussing on FTSE 250-listed online retailer Ocado, which saw its shares leap almost 20pc. I'm not commenting on that tale here but people who know me well know what I think of the jackanory.

I'm more interested in the fact two of Mitchells & Butlers largest shareholders have been quietly upping their stakes in the pub company despite the fact the shares last year performed terribly.