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Nippon Sheet Glass, a large Japanese manufacturer, has increased its holding in Pilkington, the UK glass group, from 10 to 21 per cent over the past fortnight, but has ruled out mounting a full bid.

Shares in Pilkington PLC lost ground in weak midmorning trade, in the wake of a ratings downgrade from Goldman Sachs, which blamed a deteriorating earnings climate for their move, dealers said.

The European Standard draft for the safety requirements of "Machines and plants for the manufacture, treatment and processing of flat glass" in the area of "Storage, handling and transportation equipment inside the factory" has…