News & Comment
Manx-based Bulgarian Land Development has raised £15 million to pursue residential development in Bulgaria.
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Crane hire company Baldwins Industrial Services has warned of near-£8 million full year losses in its latest gloomy trading statements and says it is talking to 'funders to put the group on a more stable long-term financial footing', writes James Crux.
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Shares in crane hire company Baldwins Industrial Services surrendered 9.5p to 27.5p in early dealings after it warned on profits for the second time this financial year. Broker ING Barings now expects the company to post extensive losses. James Crux reports
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Recommendations
Management knowledge of the local property scene and a tie-up with Bulgarian real estate venture Address Group add to the allure of BLD, which debuted on AIM in March with a £23m placing.
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Sector Articles
A turbulent month saw the FTSE 100 edge up from 4832.3 to 5067.3, a creditable performance considering that bio-terrorism and air strikes have probably been foremost in investors' minds. London's SmallCap Index sparked up from 2159.99 to 2306.01 in line with the blue-chip benchmark, but profit warnings played a major role once again in October, with positive news announcements few and far between.
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