With Edward Bramson now the second-largest investor in 3i Group, how much support would he get if he called for a shake-up? The question is particularly relevant for one shareholder, which appears to have money on both horses.

In a stock exchange statement after the market closed on Friday, 3i announced that Sherborne Investors B, a £200m vehicle raised by Bramson's activist investment firm Sherborne Investors last year, had further raised its stake in the FTSE 250 firm.