FTE.L Share News (FTE)

Coal miner UK Coal expects to post a higher interim loss of about £94m, up from £81.5m, after costs of its recent refinancing.The operating loss will be £52m, against losses of £37.7m, while property valuation losses are expected to be around £10m. Net debt at 26 June 2010 is expected to be around £170m and £255m excluding restricted cash."We continue to expect full year production to be around 7.6m tonnes, with deep mines production of around 6m tonnes, up from 5.7m tonnes and surface production of about 1.6m tonnes," UK Coal said.Logistics software group Kewill's trading since March has been in line with expectations, though the longer sales cycles continue in line with the difficult economic environment. Discussions continue regarding a potential offer to acquire Kewill, though there is no certainty that an offer will be made, the statement added.Business software group Atlantic Global lifted interim turnover by 20% and is back in profit after the loss of £200,000 this time last year. "The pipeline of new business opportunities is satisfactory and progress has been made on contracts arising from partnership opportunities. The directors believe that Atlantic Global will continue to produce an improved performance in the second half of 2010," it said.Contract bio manufacturer Angel Biotechnology made a first half net profit £107,000. "We expect this trend to continue and look forward to announcing a net profit for the full year 2010," it added.More than 92% of 2010 budgeted business has been signed and almost 40% of the business budgeted for 2011. "Angel has enjoyed a successful and productive first 6 months of 2010. In addition to making our first ever half year profit, we have now secured most of the business required to deliver our plan for 2010," Gordon Sherriff, COO, said.Shares in Carr's Milling advanced after the feed group said it expects profitability for the full year to be well above last year's underlying result. Entertainment products distributor MBL Group reported a 22.2% rise in full-year pre-tax profits to £9.9m on revenues up 35.7%.Miner Beacon Hill has wrapped up a $55m investment from Consolidated Minerals and Global Coke to "rapidly advance" development at its Minas Moatize coal mine in Mozambique.The pair, who will get a 26% stake for their money, also intend to enter into a mine gate off-take agreement to buy all of the coking coal produced during the mine life of Minas Moatize.Dual-fuel combustion technology firm Clean Air Power fell further Monday after warning that 2010 revenue will be less than expected due to delays in Dual-Fuel unit sales and hold-ups at a new gas facility in Tasmania.The firm, which today signed a "significant" five-year supply agreement with Volvo, said sales will come through, but won't be recognised until later in the current year or first half of 2011. It's also considering a possible equity fundraising, of which further details will be announced shortly.Uranium group Forte Energy has reported a maiden JORC Code compliant mineral resource estimate for its 100%-owned Bir En Nar uranium project in Mauritania, West Africa.There's an initial indicated and inferred resource of 1.33 million tonnes (Mt) at 704 parts per million (ppm) U3O8 for 2.06 million pounds (Mlbs) of contained U3O8."Bir En Nar is a high grade deposit which remains open at depth in several areas, including evidence for another mineralised zone between the Northern and the Southern Zones," said managing director Mark Reilly."The next drilling campaign will target these areas as well as improve the data from the RC holes which could not be incorporated in this initial resource statement."