African Battery Metals reported an interim loss of £0.79m on Wednesday, slightly wider than the £0.78m loss it posted at the same time last year, resulting in a loss per share of 0.01p, narrowing from 0.04p.
Exploration company African Battery Metals announced on Thursday that the auger programme on its Kisinka property in the Democratic Republic of the Congo has been extended to investigate some additional soil anomalies.
Exploration company African Battery Metals updated the market on its exploration programme at its recently-acquired cobalt-copper interests in the Democratic Republic of the Congo on Tuesday, confirming that field exploration and mapping at Kisinka had now begun.
AIM-quoted cobalt miner African Battery Metals (ABM) announced on Thursday that exploration was set to begin before the end of the month at its recently acquired cobalt-copper properties in the Democratic Republic of the Congo.
Pawnbroker H&T Group has moved quickly to profit from the collapse of rival Albemarle & Bond and has offered to buy some of its assets.
Administrators have been appointed at pawn broker Albemarle & Bond, only three years ago a darling of the stock market, after its lenders refused to support its turnaround plan.
Struggling pawnbroker Albemarle & Bond has asked for the suspension of its shares after its lenders refused to back a management turnaround plan for the business.
Struggling pawnbroker Albemarle & Bond has ended talks to sell the company, causing its shares to lose more than half their value in early trading on Monday.
Christmas failed to light up the high street, with figures today pointing to an "underwhelming" December for many retailers. Releasing its latest sales tracker, accountancy firm BDO said overall like-for-like sales among UK "mid-market" retailers were down 2.2 per cent year-on-year. Last minute present hunting saw non-fashion sales pick up in the final week of December, offsetting a weak start to the month, the report noted. - The Scotsman
Investment funds have bet against top retailers amid expectations of disappointing sales, the Sunday Times reported. Hedge fund Marshall Wace almost doubled its short position in Debenhams to almost 1% two days before Christmas from early December. Black Rock took a big short stake in Marks & Spencer in early December and has a 0.5% position. The paper said Debenhams and M&S, led by Marc Bolland, were likely to be casualties of underwhelming Christmas sales.
A US budget deal hailed as lifting the cloud of political dysfunction hanging over the world's largest economy cleared the House of Representatives with overwhelming support on Thursday evening, as leaders of both parties quashed dissent within their ranks. The legislation was passed by a margin of 332 to 94 and will head to the Senate for a final vote next week. If it is approved by the upper chamber of Congress, it will be signed into law by Barack Obama, who supports the measure. - Financial Times
Full-year profit sinks; Gold prices down 23 per cent during the year; Managing within its current banking facilities
Shares bombed yet further in pawnbroking chain Albemarle & Bond after it revealed refinancing talks had collapsed and was in danger of breaching its banking covenants.
The Government has brought forward the second phase of its Help to Buy scheme by three months. The Prime Minister, David Cameron, told the Sunday Telegraph the scheme would be extended from new-build homes to all residential property up to £600,000 in the coming days. The original date was January 2014 but it has been changed to coincide with the Conservative party conference. Cameron told the BBC's Andrew Marr Show that Lloyds Banking Group and Royal Bank of Scotland were ready to provide mortgages for the programme, which critics have said risks creating a property bubble.