26 May 2021 | 09:03am
StockMarketWire.com - Mining group Ormonde Mining swung to a modest annual profit after banked gains from an asset disposal.
Net profit for the year through December amounted to €0.46 million, compared to a year-on-year loss of €11.3 million.
Ormonde recently sold a 30% interest in the Barruecopardo tungsten mine in Spain.
When profits and losses from discontinued operations were excluded, its pre-tax losses amounted to €1.14 million, compared to year-on-year losses of €0.90 million.
Ormonde said it was focusing its efforts on new opportunities for the deployment of its capital, while continuing to review the best route to generate value from its remaining Spanish assets.
24 May 2021 | 08:32am
StockMarketWire.com - UK stocks made modest gains in early dealings on Monday as local businesses continued to report a bounce back in trading activity after lockdowns eased.
At 0820, the benchmark FTSE 100 index was up 15.56 points, or 0.2%, at 7.033.61.
Cinema group Cineworld firmed 3.1% to 89.55p after it said ticket sales for its opening weekend in the UK exceeded its expectations, led by the success of Peter Rabbit 2: The Runaway .
Cineworld added that in the US, following the opening of an additional 167 cinemas, over 97% of its cinemas had resumed operations.
IT provider Kainos rallied 2.6% to £14.49 as its annual profit more than doubled thanks to strong demand for digital transformation services. Food packing business Hilton Food gained 0.7% to £12.38 on announcing a strong start to the year that had put it on track to meet its profit expectations.