Hambro boosts Fitness stake

JO HAMBRO Capital Management has upped its holding in health clubs chain LA Fitness. It picked up 500,000 shares taking its stake to 1.4m shares, or 3.5%, of the £68m firm.

Since hitting a 54p low a year ago, the shares have rocketed to 167p on recovery hopes. There is also speculation venture capitalists may be interested in taking LA private.