Three companies were forced to delist from the London Stock Exchange's junior market last month as nominated advisers shed small- and micro-cap clients to focus on fewer, more lucrative large-cap companies.

Ukrainian oil and gas exploration and production company Cardinal Resources was forced to delist from London's Alternative Investment Market in November because it failed to find a replacement for Nabarro Wells, its nominated adviser or Nomad. The company said it intended to seek a listing on an alternative recognised stock exchange "at the appropriate time".