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CRAThu, 04th Oct 2018 11:48
LONDON (Alliance News) - Cradle Arc PLC on Thursday said City Financial Investment Company Ltd, acting as investment manager for City Financial Absolute Equity Fund, dropped its stake in the mining company.
City Financial now has no shares in Cradle Arc following Tuesday's deal, having previously held 13%.
Shares in Cradle Arc were up 16% at 1.07 pence on Thursday.
Industrial engineering stocks were out of favour on Friday after Rotork and Castings disappointed with results and the market gave a muted reaction to a trading update from sector peer IMI. Rotork, the actuator manufacturing and flow-control company, saw shares drop 3.8% at 2,404p in afternoon trade
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