‘Challenging’ first half at Beazley

After announcing interim pre-tax profits down 24 per cent to £46 million, insurer Beazley Group hopes for growth in the USA. Read

Gulf Keystone raises £25m

Algeria and Kurdistan-focused Gulf Keystone Petroleum has raised £25.1 million at 28p for exploration and drilling. Read

Southern wins loan extension    

Bankers have granted beleaguered care home group Southern Cross an extension of banking facilities until 30 October. Read

Pre-tax turnaround at Dart Group

Bombed out aviation and distribution company Dart Group turned a £3.6 million loss into an £11.8 million pre-tax profit in the year to March. Read

Hedging costs Dragon dear

Turkmenistan-focused Dragon Oil is optimistic after strong first-half growth, though price hedging has cost it £46 million. Read

Tanzania pleases Uranium Resources

Uranium Resources claims that drilling results confirm its licence areas in Tanzania have ‘the potential to host an economic uranium deposit’. Read

Herencia finds high grades

South America-focused Herencia Resources says drilling at Patricia in Chile has returned high-grade intersections of zinc, lead and silver. Read

Albidon ahead of budget

Miner Albidon says nickel production at Munali in Zambia has exceeded budget, for delivery to China. Read

Revenues ‘strong’ at Velosi

Oil and gas industry quality control specialist Velosi says favourable market conditions have stimulated interim growth. Read

Myhome breaches covenants

Beleaguered franchiser Myhome International is contemplating a discounted share issue after breaking some covenants in an £8 million banking facility. Read

Bezant claims ‘world-class’ deposit

Philippines-focused Bezant Resources says its Mankyan project might hold three million lbs of copper and 3.8 million oz of gold. Read

Sovereign changes the mix

Equity release specialist Sovereign Reversions is stepping up its advisory business after losing an annual £5.4 million. Read

Webb quits Unicorn

Celebrated fund manager Peter Webb has resigned as chief executive and director of Unicorn Asset Management. Read

Axis-Shield wins China patent

The Chinese authorities have granted diagnostic specialist Axis-Shield a patent for its ‘Afinion’ point-of-care testing technology. Read

Output rises at Peter Hambro

Russian gold producer Peter Hambro Mining lifted production nine per cent to 134,300 oz in the first half of this year. Read

Avanti fixes new funding

Swiss group Neo Media has subscribed for £300,000 of convertible loans in bombed out digital screen media concern Avanti Screenmedia. Read

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