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Investment firm LMS Capital's net asset value fell 6% to 84p last year as the pound strengthened against the dollar. The return on the investment portfolio for the year was a net loss of £4.9m (2008: net loss of £36.7m). "Our low levels of debt and broadly balanced investment portfolio position us
Read moreEuphoria over the better than expected US jobless figures proved short-lived as week-end profit taking took hold and miners headed underground. Metal prices weakened in the afternoon session, taking mining stocks with them, as some pundits suggested that with the better than expected jobless figure
Read moreIT services provider Parity shocked the market when it said that 2009 profits will be £300,000 lower than expected. Parity also said that it is not changing its expectations for 2010. Arbuthnot was expecting profits of £650 in 2009 so the outcome will be little more than one-half that figure. Pa
Read moreScottish cake and sweet maker Lees Foods has reached an 'amicable settlement' with the former directors of Patisserie UK after a dispute over the disappointing performance of the pastry supplier following its acquisition by Lees. Under the terms of the settlement, Lees will receive about £225,000,
Read moreEuropa Oil & Gas is up after starting drilling at the Hykeham-1 exploration well on the PEDL150 licence near Lincoln in the East Midlands. The well is testing the potential for up to 20 million barrels of oil in place in two target horizons. Target depth of just over 1,000m is expected to be reache
Read moreTurbo Power Systems narrowed its net loss for the third quarter to £0.34m from £1.85m in 2008 and posted an EBITDA profit of £0.11m versus a loss of £152m a year ago. The designer and manufacturer of power solutions said production and development income for the quarter rose to £2.1m from £1.8m. "
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