Shares in VCL, the German video and production finance group, swung violently today.

Having closed on Thursday (Apr 11) at Euros0.93, the shares dipped at one stage to Euros0.40. At 1300 GMT they had recovered to Euros0.73, a drop of 21% on the day.

The company offered no explanation for the stock price turbulence. Two weeks ago the company was granted permission by the stockmarket to delay publication of its 2001 accounts.