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Miner African Minerals posted narrower losses in the six months to 30 June and reported an increase in the resource estimate at its Tonkolili iron ore project in Sierra Leone. Losses narrowed to $5.1m from $11.4m the same period the previous year as costs fell. The firm said its Tonkolili project
Read moreFootsie closed the day nursing triple-digit losses as investors took fright following poor US monthly jobs figures. WPP was the day's worst performer as Citigroup downgraded the UK advertising firm to sell from hold, saying a continuation of the trends in the second quarter would suggest a 7.5% org
Read moreInvestors are bailing out of equities in the US ahead of the long holiday week-end in the States, prompting the decline in UK equities to pick up pace. Rio Tinto is the day's worst performer despite a strong response to its $15.2bn rights issue. Shareholders have taken up 96.97% of the shares offer
Read moreLondon's top stocks are struggling to make headway with the index heading back down as buyers sit on the sidelines. London Stock Exchange is the biggest faller after it announced a new pricing scheme yesterday. The stock market operator says the new tariff would have resulted in £3m worth of tradin
Read moreLondon's top stocks have dropped in early dealings Thursday after Wall Street steadily declined from morning highs on Wednesday. Rio Tinto shareholders have taken up 96.97% of the shares offered to them as part of the miner's $15.2bn fully underwritten rights issue. The group said on Thursday it r
Read moreSierra Leone-focused miner African Minerals has raised £63.8m ($105m) from a cash placing with institutional investors in North America and the UK. Renaissance Capital placed 25.4m shares at 250p each. They closed at 240.25p on Wednesday, having rallied from just 11p in February. "The proceeds wil
Read moreRestaurant group Carluccio's said that it is no longer involved in discussions relating to a potential takeover of the company. Helius Energy, which installs biomass-powered renewable electricity generation plants, moved into profit in the half year to March 31 after selling its first project to R
Read moreAfrican Minerals has updated the magnetite iron ore mineral resource estimate for its flagship iron ore project at Tonkolili in Sierra Leone to 5.1 billion tonnes. This exceeds the miner's target mineral resource of 5 billion tonnes for the current phase of development. The company and its indepen
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