By Amanda Jordan - Apr 19, 2011 11:45 AM GMT-0500
U.K. Coal Plc, Britain’s biggest producer of the fuel, fell the most in nine months in London trading after reporting a third full-year loss in a row.
U.K. Coal slumped 11 percent, the most since July 19, to 34.5 pence at the 4:30 p.m. close of trade. The stock led declines in the 624-company FTSE All-Share Index. (ASX)
The net loss for the year ended Dec. 25 came to 125.1 million pounds, compared with a year-earlier loss of 127.5 million pounds, Doncaster, England-based U.K. Coal said today in a statement.
“The board is in the course of a strategic recovery review to tackle the deep-rooted problems in U.K. Coal,” Chairman Jonson Cox said in the statement. “Success for U.K. Coal will need difficult changes.”
Source: http://www.bloomberg.com/news/2011-04-19/u-k-coal-slumps-most-since-july-after-reporting-third-loss.html
U.K. Coal Plc, Britain’s biggest producer of the fuel, fell the most in nine months in London trading after reporting a third full-year loss in a row.
U.K. Coal slumped 11 percent, the most since July 19, to 34.5 pence at the 4:30 p.m. close of trade. The stock led declines in the 624-company FTSE All-Share Index. (ASX)
The net loss for the year ended Dec. 25 came to 125.1 million pounds, compared with a year-earlier loss of 127.5 million pounds, Doncaster, England-based U.K. Coal said today in a statement.
“The board is in the course of a strategic recovery review to tackle the deep-rooted problems in U.K. Coal,” Chairman Jonson Cox said in the statement. “Success for U.K. Coal will need difficult changes.”
Source: http://www.bloomberg.com/news/2011-04-19/u-k-coal-slumps-most-since-july-after-reporting-third-loss.html
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