Hornby expects to report a substantially wider trading loss than previously forecast in the current financial year and may breach a covenant of its banking facility.
Tullow Oil (TLW) has narrowed its FY pretax loss from continuing activities to USD1.3bn, from a loss of USD2.0bn. Sales revenue totalled USD1.6bn, from USD2.2bn. It recommended that no dividend be paid.
Caledonia Mining (CMCL) has announced that it has entered into a 6 month "cap and collar" hedge over 15,000 ounces of production using a "collar" value of USD1,050 per ounce and a cap value of USD1,080 per ounce.