Citigroup warned that the sale of Rank Group’s Hard Rock Cafe could yet be delayed. Citigroup had been hoping for news in time for a trading statement due on Thursday. The company is thought to be in exclusive talks with the Native American Seminoles of Florida over a $1bn (£505,000) deal. The broker also played down the chances of an imminent takeover of Rank and downgraded the stock from “buy” to “hold”. The shares fell 2.9% to 270p on Friday after takeover speculation eased although some traders saw fears about the sale of Hard Rock as a buying opportunity. The Daily Mail reports that rumours were rife during the week that Ladbrokes, up 3p at 406.25p, was about to mount a £3 a share cash offer. Financial Times 02/12/06 page 34 (FT Markets – London) The Times 02/12/06 page 75 (Large Caps) The Daily Telegraph 02/12/06 page 35 (The Market) The Independent 02/12/06 page 54 (Market Report) The Guardian 02/12/06 page 43 (Market forces) Daily Mail 02/12/06 page 106 (Market Report)