Enodis, the UK catering equipment group that has declined to recommended any recent takeover proposals, will remain independent and make some disposals, thereby opening the door to potential advisers.

Enodis' share price has plummeted recently from a 52-week high of 252p on August 21 last year to a low of 89p on April 11 this year. The market capitalisation currently stands at about £295m, and the shares were trading at 118.5p at 13:50 GMT.