Paladin Associates sold 1.45m shares in Caffe Nero, reducing its stake to 32% on Friday. Justin King, non-executive director of the coffee bar chain, disclosed the disposal of 100,000 shares at 147p after the exercise of options at 50p. Caffe Nero fell 1.5p to 161p. The Times 12/02/05 page 71 (Larger Capitalisation Shares)