Investors stampeded out of stocks in which Robert Tchenguiz holds stakes yesterday after the failure of the J Sainsbury bid. The Times, The Guardian

He owns 10% of Sainsbury’s, mainly acquired at a premium to the current price, which closed down 115p to 440p.

Mitchells & Butlers, in which Tchenguiz has 15% directly and through contracts for difference, was the highest profile victim, down 28p at 631p.

Shareholder ING sold down its stake to below the declarable 3% yesterday.

Analysts describe the shareholder register as a “hedge fund hotel” with very few institutional investors in for the long term left.

It still has Tchenguiz’s R20 vehicle as its preferred partner.

M&B is also being hurt by a hedge on interest rates and inflation rates it took out ahead of the deal.

SCi Entertainment, the Lara Croft computer games company, lost 33.25p to 318.75p.

Tchenguiz has built a 22% stake in this ahead of a widely expected bid rumoured to be at around 500p.