Jourdan sells two positions

Jourdan, who also runs the £17m First State British Smaller Companies fund, said the decision to cut energy holdings reflected the fact commodity prices, chiefly oil, weakened during September. The stocks cut by Jourdan were Premier Oil and Hardman Resources. He added GMA Resources, another stock in the sector, hurt performance but had not been sold. He also got rid of food importer Inter Link Foods and took profits in housebuilder Balfour Beatty. Jourdan said the controversy over gaming stocks had hit the AIM market but the FTSE 250 had risen by 4.1pc in September, significantly outper...