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Aerospace supplies group Umeco says it remain on track to hit full-year expectations after increasing adjusted profit before tax by 12% in the first half. Pre-tax profit rose to £11.1m in the six months to 30 September, up from £9.9m last year on revenue up to £217.2m from £198.5m. Russia-focused
Read moreRussia-focused oil and gas explorer and producer Petroneft Resources is raising $43m from a placing at 43p per share in order to finance the development of its Russian interests. The cash will be used to accelerate exploration and business development at its licences 61 and 67 at Tomsk Oblast in R
Read moreThe share price of Kazakhstan-focused oil firm Max Petroleum tanked on Monday morning after the company said it has plugged and abandoned the KAW-1 exploration well on the Karsak West prospect on Block E. The Sun ZJ-30drilling rig will now move to drill the UTS-1 exploration well on Uytas prospect
Read moreLuxury travel group Western & Oriental remains upbeat despite slumping into the red in the six months to March as it bore the brunt of a range of external problems. The poor state of the UK economy, airline industrial action and continuing riots in Thailand knocked revenue from £28.4m to £24.9m, w
Read moreOil and gas group Borders & Southern Petroleum is to join the rush to find oil near the Falkland Islands after raising funds last year. 'Our successful capital raise in November allows us to comfortably fund a drilling programme on our exciting prospects in the South Falkland Basin without diluting
Read moreShareholders in Marks & Spencer are preparing for a fresh showdown with the retail giant over the £1.13m pay package of Sir Stuart Rose, the executive chairman. Institutional investors want M&S to slash Rose's annual salary when Marc Bolland, the new chief executive, joins in May. One big sharehol
Read moreLondon's six-day rally ended Monday after banks were sold on fundraising talks and as miners retreated on weaker metal prices. Part-nationalised lender Royal Bank of Scotland (RBS) was the biggest faller on reports it is mulling a share issue of between £3-4bn to reduce its dependence on the UK gov
Read moreTanzanite One, which mines for the eponymous gemstone in Tanzania, fell into losses at the interim stage as revenues tumbled in line with tanzanite prices. The firm posted a pre-tax loss of £1.3m, compared with £3.9m over the same period the previous year, as revenues fell to £4.9m from £20.9m. Pl
Read moreShares D1 Oils fell sharply after the biofuel firm pointed to funding worries at its joint venture for the global planting of the crop Jatropha. "It is now judged that the outcome of this fundraising process is uncertain, and the board of D1 Oils anticipates that the joint venture will therefore ha
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