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Xaar on track for profitable growth as results improve

Xaar said it was on track to return to profitable growth after the inkjet printer head group’s adjusted annual loss narrowed sharply. The adjusted pretax loss for the year to the end of December from continuing operations shrank to £0.6m from £3.9m a year earlier as revenue rose 23% to …

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Conroy Gold reports positive results from Ireland zinc sampling

Ireland and Finland-focussed exploration and development company Conroy Gold announced results from an infill zinc-in-soil sampling programme on the northern Aughnagurgan section of the 20 square kilometre zinc zone it discovered in the Longford-Down Massif in Ireland on Tuesday. The AIM-traded firm said 23 of the 65 samples collected recorded …

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FTSE 250 movers: Investec falls after results; Serco gains

London’s FTSE 250 was down 1% at 19,501.42 in afternoon trade on Thursday. Investec lost ground even though the financial services company reinstated its dividend and forecast an improved second half after better-than-expected interim results. Cineworld shares slumped following a report the cinema chain is considering a company voluntary arrangement …

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FTSE 250 movers: AO World surges; Capco down on results

London’s FTSE 250 was up 0.5% at 18,077.60 in afternoon trade on Wednesday. Online electrical goods retailer AO World surged to the top of the index, with traders pointing to positive read-across from Asos, which said annual sales and profit were set to be “significantly ahead” of market expectations. Although …

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Royal Mail says pandemic spurs need for change

(Reuters) – Royal Mail (RMG.L) Executive Chairman Keith Williams said on Thursday the COVID-19 pandemic has accelerated the need for a change at its UK business by three to four years as customers demand more parcels and fewer letters. In a brief interview with Reuters following the company’s financial results, …

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