Anglo Asian into profit 02/09/2010
Central Asian gold producer Anglo Asian Mining has turned a $2 million (£1.28 million) interim loss into $6.2 million first-half pre-tax profits.
Gene specialist Silence Therapeutics would not comment today on City suggestions of a major drug group tie-up.
Drug giant AstraZeneca holds nearly three per cent of Silence, a leading specialist in RNA (ribonucleic acid) interference, which can repress genes linked to the onset of disease. The Square Mile is abuzz with suggestions that Astra or another major pharmaceutical concern is interested in a corporate deal.
Finance director Melvyn Davies says the company is ‘in talks at all times’ about potential product licensing deals. A Silence adviser insists the company does not comment on rumours.
At 108p, this former growth stock retains some speculative appeal.
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Central Asian gold producer Anglo Asian Mining has turned a $2 million (£1.28 million) interim loss into $6.2 million first-half pre-tax profits.
Legal fees and related insurance and services specialist Abbey Protection has increased first-half pre-tax profits 9.3 per cent to £4.7 million.
Workwear rental and facilities management concern Johnson Service Group is feeling acquisitive after losing a first-half £2.2 million pre-tax.