IN BRIEF: Fandango loss widens on reverse takeover costs
Fandango Holdings PLC - London-based investment company focused on the industrial and services sectors - Pretax loss widens to GBP178,000 in the six months to August 31, from GBP110,000 a year prior. Administrative costs increase by 25% to GBP136,000 from GBP109,000. Company shares remain suspended as it is aiming for a reverse takeover of European Batter Metals Pty Ltd, which continues to proceed with some delays. The deal is being reviewed by the UK Listing Authority, after which the company will make an application for the enlarged business to trade on the London Stock Exchange. Fandango says the results include the running costs of the company and some costs relating to the pending takeover. The company said it is aiming to conclude the reverse takeover as soon as practicable. Read More