Dealers believe a mystery third party could be taking a look at Groupe Chez Gerard.

Scepticism over the chances of Paramount’s indicative 100p-a-share bid for the restaurant group turning into a formal bid knocked its target shares back 5p to 82.5p on Friday. A counterbid by executive chairman Neville Abraham could also be on the cards.

The Times 12/10/02 page 53 (Rumour of the day)