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Property developer Northacre said the residential property sector is still suffering from a shortage in bank finance which is limiting the pipeline of new development opportunities. The company narrowed its loss before taxation in the six months ended 31 August to £1.26m from £1.98m at the interim
Read moreAfter a sluggish start to the day, shares closed with good gains following a lively start on Wall Street. Better than expected profits on the back of a decline in provisions for bad loans at Citigroup sparked buying interest. Mining giants BHP Billiton and Rio Tinto have confirmed that their propo
Read moreLeading shares added to the morning's gains over the lunch time session though miners remain under a cloud as metal prices retreat. Mining giants BHP Billiton and Rio Tinto have confirmed that their proposed $116bn Pilbara iron ore joint venture is dead in the water. The companies had agreed in D
Read moreAgriterra, focussed on the agricultural sector in central and southern Africa, is making "fantastic" progress, announcing record buying and sales of maize in Mozambique. Sales soared 174% in May, they were up 208% in June, 149% in July and have more than doubled in August and September. Milling ope
Read moreAgricultural group Agriterra reports its Compagri maize processing facility in Tete has re-opened and the buying programme from local farmers is underway. "The buying season has now commenced and we are achieving strong inflows at the DECA facility, with more than 4,500 tonnes bought in only 24 da
Read moreLONDON (Dow Jones)--Agriterra Ltd (AGTA.LN), a company focused on the agricultural sector in central and southern Africa, said Tuesday the Compagri maize processing facility in Tete has re-opened and the buying program from local farmers is underway. MAIN FACTS: -A scaled and controlled ramp
Read moreBy Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Agriculture company Agriterra Ltd. (AGTA.LN) Friday said it is eager to expand its operations outside of Mozambique, and is considering moves into Zambia, Tanzania and other African countries. Executive Director Euan Kay told Do
Read moreLONDON (Dow Jones)--Agriterra Ltd. (AGTA.LN), an AIM listed company focused on the agricultural sector in central and southern Africa, said Thursday it has entered into a farmout agreement with Africa Oil Ethiopia B.V., a subsidiary of Africa Oil Corp. (AOIFF), a Canadian oil and gas company relatin
Read moreInvista Real Estate generated profit before taxation, for the year ending 31 December 2009, was £10m (2008: loss £3.7m). Total revenue fell by 25% to £34.4m from £45.6m in 2008, the fall being heavily influenced by lower management fees as a result of lower average assets under management during
Read moreCigarette vending machine maker Molins does not seem to be suffering unduly from the effects of the smoking ban in the UK, with trading since the company's interim results announcement in late August remaining in line with expectations. Performance in the Tobacco Machinery and Scientific Services d
Read moreFalklands Islands-focused oil group Borders and Southern said it is ready to seek partners for its licenses after defining a multi-billion barrel prospect inventory in the South Falkland Basin. The group posted a pre-tax loss of £4.7m in 2008, compared with £336,000. While noting that the price of
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