- Uranium trader Yellow Cake announced a maiden first-half net profit of $44.2m following its listing in July.

The company said it had seen a steady improvement in the market for uranium oxide, with the spot price increasing from $22.85 per pound to $27.35 per pound since the IPO to the end of September.

'The beginning of Yellow Cake's life on the public markets has been incredibly rewarding,' chief executive Andre Liebenberg said.

'We continue to believe the market for physical uranium oxide holds potential for further growth, driven by both reduced global output from uranium mines and increasing uranium demand from markets such as China and Japan.'

At 9:30am: [LON:YCA] Yellow Cake Plc Ord Gbp0.01 share price was +0.5p at 242.5p

Story provided by